Funding and debt▲ Bullish for HDFC Bank
HDFC Bank mobilised over ₹1.5 trn in deposits in July-September quarter
The brief
- HDFC Bank mobilised over ₹1.5 trn in deposits in July-September
- Deposit mobilisation supports HDFC Bank's funding base and lending capacity
- Private banks' deposit mobilisation outpaces PSU peers in Q2
- Axis Bank Q2 advances rise 22.7% to ₹13.846 lakh crore; deposits climb 20.7%
- Axis Bank Q2 Business Update: Gross advances surge 23%, deposits up 21% YoY
- Bank Q2 updates: HDFC Bank, small finance banks, Bajaj Finance lead credit growth
- NBFCs account for nearly half of small loans while delinquencies stay low
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 mobilised over ₹1.5 trn in deposits in July-September quarter