For Quick Alerts
For Daily Alerts

HDFC Bank Deposits Grew 24% In FY20 To Rs 11.46 Lakh Crore

By Staff

HDFC Bank said its deposits aggregated to Rs 11.46 lakh crore as on 31 March 2020, which is a 24 percent growth when compared to Rs 9.23 lakh crore on 31 March 2019. As on 31 December 2019, the private lender's deposits stood at Rs 10.67 lakh crore.

HDFC Bank Deposits Grew 24% In FY20 To Rs 11.46 Lakh Crore
HDFC Bank: Quotes, News
BSE 838.40BSE Quote49.8 (-5.94%)
NSE 839.10NSE Quote49.05 (-5.85%)

The bank also said that its advances aggregated to Rs 9.93 lakh crore as of 31 March 2020, a growth of about 21 percent as compared to Rs 8.19 lakh crore a year ago. As on 31 December, its advances were at Rs 9.36 lakh crore.

The CASA (current account saving account) ratio stood at 42 percent as of 31 March when compared to 42.4 percent a year ago and 39.5 percent on 31 December 2019, the bank said in a statement.

During the quarter ended 31 March the bank purchased loans aggregating Rs 5,479 crore through direct assignment route under home loan arrangement with Housing Development Finance Corporation (HDFC) Ltd.

Stocks of private banks and financial institutions have been under pressure with investors expecting a deterioration in their asset qualities from a host of factors, including halt in economic activity from the COVID-19 pandemic.

On Friday, HDFC Bank closed 1.95 percent lower at Rs 813.50 per share on BSE.

Read more about: hdfc bank
Story first published: Saturday, April 4, 2020, 17:58 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more