As per latest exchange filing, HDFC Bank has posted loan growth of 23.5% YoY and 6.1% QoQ to Rs14.8 lakh crore. Within advances, the retail segment grew 21.5% YoY and 5.0% QoQ, commercial & rural segment grew 31.5% YoY and 9.5% QoQ while corporate & other wholesale loan segment grew 27.0% YoY and 9% QoQ. Total deposits are up 19% YoY and 4.3% QoQ to Rs16.7 lakh crore. CASA deposits grew 15.4% YoY and 3.4% QoQ to Rs 7.5 lakh crore while CASA ratio was at ~45% vs. 45.8% in Q1FY23 and 46.8% in Q2FY22.
HDFC Bank reported strong business traction and building digital & physical capabilities to support continued healthy business growth, though clarity related to merger remains a near term overhang.
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