Reflecting a robust economic recovery, the loan portfolio of HDFC Bank, the country’s largest private sector lender, grew by around 20.9% on a year-on-year basis (YoY) to reach Rs 13.69 trillion during the of exercise 22.
The outstanding loan portfolio was 11.32 trillion rupees as of March 31, 2021. Growth in advances was around 8.6% from 12.60 trillion rupees as of December 31, 2021, BSE Bank informed .
According to its internal business classification, retail lending was up about 15% from March 31, 2021 and about 5% from December 31, 2021. Commercial and rural bank lending grew at a faster rate around 30.5% compared to March 31. , 2021 and approximately 10% as of December 31, 2021.
The lender said business and other wholesale loans were up about 17.5% as of March 31, 2021 and about 11.5% as of December 31, 2021.
The second half of the financial year is a busy season marked by the traction of the demand for business credit, in particular the working capital ceilings. Capital spending demand also started to improve in the October 2021-March 2022 period.
On the liability side, the bank’s deposits increased by 16.8% to around 15.59 trillion rupees as of March 31, 2022 from 13.35 trillion rupees a year ago. Growth in deposits was around 7.8% from Rs 14.45 trillion as of December 31, 2021. Personal deposits grew by around 18.5% from March 31, 2021 and around 6 % compared to December 31, 2021.
Wholesale deposits increased by approximately 10% on an annual basis and by approximately 17% compared to December 31, 2021.
The bank’s share of low-cost deposits – current account and savings account (CASA) – improved to around 48% at the end of March 31, 2022, from 46.1% a year ago and 47.1% as of December 31, 2021.