Deposits at HDFC Bank increased by 19% and advances by 21.5% in Q1

Advances at HDFC Bank increased by 21.5 percent in the June quarter to reach 13.99 lakh crore.

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An update on HDFC Bank’s operational performance for the three months ended June 30, 2022, has been released. The lender recorded a 21.5 percent development in advances in the June quarter to reach ₹13.9 lakh crore as opposed to ₹11.48 lakh crore (YoY), and a growth of about 1.9 percent over ₹13.6 lakh crore as of March 31, 2022, according to the exchange filing.

As of June 30, 2022, the bank’s deposits were around ₹16.05 lakh crore, an increase of about 19.3 percent over ₹13.45 lakh crore as of June 30, 2021, and an increase of about 2.9 percent over ₹15.59 lakh crore as of March 31, 2022.