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Home FEATURED HDFC Bank innovations up 21% at Rs 10 lakh crore by Q1-conclusion

HDFC Bank innovations up 21% at Rs 10 lakh crore by Q1-conclusion

(File picture)MUMBAI: Non-public sector lender HDFC Bank on Saturday reported 21 per cent growth in its advancements which totalled Rs 10.04 lakh crore on June 30 as compared to Rs 8.29 lakh crore a year ago and Rs 9.93 lakh crore on March 31. The bank’s deposits aggregated to Rs 11.89 lakh crore on June 30, marking a expansion of 25 for every cent from Rs 9.54 lakh crore on June 30 final yr and Rs 11.47 lakh crore on March 31 this year, it said in regulatory filings at stock exchanges. The CASA (recent account financial savings account) ratio stood at about 40 per cent on June 30 this 12 months as in comparison to 39.7 for every cent on June 30 very last calendar year and 42.2 for every cent on March 31 this yr. During the quarter ended June 30, the bank procured financial loans aggregating Rs 1,376 crore through the direct assignment route underneath the dwelling loan arrangement with Housing Growth Finance Company (HDFC).

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