HDFC Bank loans rose 21.5% YoY in Q1 to Rs 13.95 trn, deposits up 19.3%

Retail loans grew by around 21.5 per cent YoY in Q1 and approximately 5 per cent on a sequential basis, HDFC Bank said

India’s largest private lender HDFC Bank reported a 21.5 per cent year-on-year (YoY) growth in advances to Rs 13.95 trillion in Q1 of FY23. Advances were to the tune of Rs 11.48 trillion on June 30, 2021.

On a sequential basis, the bank’s loans grew 1.9 per cent from Rs 13.69 trillion on March 31, the lender informed the exchanges.

As of June 30, HDFC Bank’s deposits saw a YoY rise of 19.3 per cent to Rs 16.05 trillion from Rs 13.46 trillion a year ago.

On a quarterly basis, the bank’s deposits climbed 2.9 per cent from Rs 15.59