MUMBAI, July 4: HDFC Bank — India’s largest private lender — on Saturday reported double-digit growth in both deposits and advances for the quarter ended June 30 (Q1 FY27).
According to the bank’s latest business update, total deposits increased 14.7 per cent year-on-year to Rs 31.70 lakh crore as of June-end, the bank said in an exchange filing.Time deposits increased more than 17 per cent from a year ago to Rs 21.45 lakh crore, while current account and savings account (CASA) deposits grew about 9 per cent year-on-year to Rs 10.25 lakh crore, it added.
On the asset side, the private sector lender’s gross advances rose 15.4 per cent year-on-year to Rs 30.61 lakh crore.The bank’s total assets under management (AUM) stood at Rs 31.27 lakh crore at the end of the reporting quarter, up 12.4 per cent from the corresponding period last year, according to the bank.
The quarterly business update comes amid controversy related to the bank’s corporate governance.Shares of HDFC Bank ended 1.77 per cent higher at Rs 2,001.50 apiece on the NSE on Friday. (PTI)
The banking stock has declined about 4 per cent over the last six months but has gained around 22 per cent in the past year. (IANS)
