MUMBAI: HDFC Bank said that its deposits grew 13.8% to Rs 14.5 lakh crore as of December 31, 2021 from Rs 12.7 lakh crore in the previous year. Advances grew 16.4% to Rs 12.6 lakh crore over Rs 10.8 lakh crore in December 2020.
The numbers indicate that the country’s largest private bank increased its market share during the year. HDFC Bank has a market share of around 16% in bank loans. According to RBI data, overall bank deposits increased by 9.6%, while advances rose by 7.3% in 2021 (up to December 17).
“Retail loans grew by around 13.5% over December 2020 and about 4.5% over September 2021; commercial & rural banking loans grew by around 29.5% over December 2020 and around 6% over September 2021; and corporate & other wholesale loans grew by around 7.5% over December 2020 and about 4.5% over September 2021,” HDFC Bank said.
Deposit growth came from the retail segment, which grew by around 17% over December 2020 and about 4% over September 2021. Wholesale deposits grew by only 1% over December 2020 and were lower by around 1.5% over September 2021, the bank said.
Of the total deposits, the share of current and savings account (CASA) aggregated to approximately Rs 6.8 lakh crore as of December 31, 2021, a growth of nearly 25% over the previous year.
Retail loans included the loans aggregating Rs 7,468 crore purchased through the direct assignment route under the home loan arrangement with HDFC.
The numbers indicate that the country’s largest private bank increased its market share during the year. HDFC Bank has a market share of around 16% in bank loans. According to RBI data, overall bank deposits increased by 9.6%, while advances rose by 7.3% in 2021 (up to December 17).
“Retail loans grew by around 13.5% over December 2020 and about 4.5% over September 2021; commercial & rural banking loans grew by around 29.5% over December 2020 and around 6% over September 2021; and corporate & other wholesale loans grew by around 7.5% over December 2020 and about 4.5% over September 2021,” HDFC Bank said.
Deposit growth came from the retail segment, which grew by around 17% over December 2020 and about 4% over September 2021. Wholesale deposits grew by only 1% over December 2020 and were lower by around 1.5% over September 2021, the bank said.
Of the total deposits, the share of current and savings account (CASA) aggregated to approximately Rs 6.8 lakh crore as of December 31, 2021, a growth of nearly 25% over the previous year.
Retail loans included the loans aggregating Rs 7,468 crore purchased through the direct assignment route under the home loan arrangement with HDFC.
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