The total borrowing of HDFC Bank, the country’s largest private sector bank, has increased to Rs 11 lakh 47 thousand 500 crores till the first quarter. Between April and June, it has increased by 14.4%. A year ago this borrowing was Rs 10 lakh 3 thousand 300 crores. The bank’s stock was trading at Rs 1498, up 1.17%.
Stock Market Information
The bank told in the information given to the stock markets that the growth of the bank was close to 1.3% in March 2021. At that time the total borrowing was Rs 11 lakh 32 thousand 800 crores. Let us inform that the companies are starting the financial results of April to June quarter from this week. Hence, this quarter is expected to accelerate. The bank said that the growth of retail loans in the loan category has been close to 9%.
Retail loans up only 1% in March
Retail loan growth was only 1% in the March quarter. In comparison, it has seen a good increase in June. Commercial and rural banking loans grew at a rate of 25% in the first quarter. It had grown at 4% in the March 2021 quarter. The total deposits of the bank have increased at the rate of 13.2% to Rs 13.46 lakh crore in the June quarter. It was Rs 11.89 lakh crore in June 2020.
Retail deposits up 16.5%
Its deposits showed a 16.5% growth in retail deposits in the June quarter. It had gained only 3.5% in the March quarter. Wholesale deposits are still stagnant. It has declined by 10% as compared to March. Current account and savings account (CASA) deposits have seen an increase of 28.2%. It has become 6 lakh 12 thousand crore rupees. Its ratio is 45%. It stood at 40.1% in June 2020 while it was 46% in the March 2021 quarter.
Bought a home loan of Rs 5,498 crore
In the June quarter, the bank has bought direct loans worth Rs 5,489 crore. He has taken this loan from his company HDFC Limited as a home loan. It is worth noting that the bank buys the home loan from its own company. He himself does not give home loans. The bank has been barred by the Reserve Bank from launching new credit cards last year. This ban is due to repeated glitches in the technology of the bank. Due to this, its growth in this segment is declining.