Results▲ Bullish for HDFC Bank
HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter
The brief
- HDFC Bank mobilised over ₹1.5 trillion in deposits during the September quarter
- Period-end deposits reached ₹33.27 trillion, up 4.9% sequentially and nearly 19% year-on-year
- Strong deposit and loan growth supports HDFC Bank’s lending capacity and earnings outlook
- Gap-Up fades as IT and HDFC Bank drag Nifty to near-flat; crude, Rupee weigh
- Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?
- HDFC Bank shares remain weak after Anup Bagchi’s CEO appointment
- Bank stocks rise after Q2 business updates; Bank Nifty gains 1.4%
- Buzzing Stocks: HDFC Bank gains 2% on MD & CEO appointment; D-Mart slips 3% as Citi retains 'sell' rating
HDFC Bank's Q2 deposit and loan growth
HDFC Bank reported Q2 deposit growth of 18.8%, while loan growth was reported at 15% in one update and 16.3% in another. The bank also mobilised $11.5 billion in FCNR (B) deposits under the RBI swap window.
Monday, 5 October
- HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter