HDFC Bank's loan book expands by 19.5%, domestic retail loans grow 21.5%

IndusInd sees 19% credit growth in Q3; deposit growth outpaces loans for HDFC Bank, YES Bank

The country’s largest private sector lender — HDFC Bank — has reported a 19.5 per cent year-on-year (YoY) growth in advances in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23) to Rs 15.07 trillion. This growth was spurred by domestic retail loans which grew 21.5 per cent and commercial and rural banking loans by 30 per cent YoY.

Sequentially, HDFC Bank’s credit growth was 1.8 per cent, with retail, commercial, and rural banking loans growing 5 per cent over the July–September quarter. Meanwhile, the corporate and wholesale loan book has grown 20 per cent YoY and fallen