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New Delhi: The India's top private lender HDFC Bank reported the growth in its advances in the March quarter. The Bank’s advances aggregated to approximately Rs 16,005 billion as of March 31, 2023, a growth of around 16.9 % over Rs 13,688 billion as of March 31, 2022, and a growth of around 6.2 % over Rs 15,068 billion as of December 31, 2022.
Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank’s advances grew by around 21.3% over March 31, 2022, and around 6.5 % over December 31, 2022.
As per the Bank's internal business classification, domestic retail loans grew by around 21.0% over March 31, 2022 and around 5.0% over December 31, 2022; commercial & rural banking loans grew by around 30.0% over March 31, 2022 and around 9.5% over December 31, 2022; and corporate & other wholesale loans grew by around 12.5% over March 31, 2022 and by around 4.5% over December 31, 2022
The Bank’s deposits aggregated to approximately Rs 18,835 billion as of March 31, 2023, a growth of around 20.8% over Rs 15,592 billion as of March 31, 2022 and a growth of around 8.7% over Rs 17,332 billion as of December 31, 2022.
The Bank in its BSE regulatory filling states that During the quarter ended March 31, 2023, the Bank purchased loans aggregating Rs 93.40 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.