HDFC Bank — India's largest lender by market capitalisation — on Monday said its loans stood at Rs 16,00,500 crore at the end of March 31, 2023, marking growth of 6.2 per cent compared with the quarter ended December 2022. In a quarterly business update, HDFC Bank said its advances saw growth of 16.9 per cent compared with the corresponding period a year ago. 

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HDFC Bank is slated to report its financial results for the final quarter of the financial year 2022-23 on April 15. Check out the updated full corporate earnings schedule (Q4 results)  

Its advances — or loans — grew 6.5 per cent sequentially taking into account gross of transfers through interbank participation certificates and bills, according to a company statement. 

HDFC Bank Q4 business update: Segment-wise loan growth

Category  Sequential quarterly growth as of March 31, 2023
Domestic retail loans 5%
Commercial and rural banking loans 9.5%
Corporate and other wholesale loans 4.5%

HDFC Bank Q4 business update: Deposit growth

HDFC Bank said its deposits stood at Rs 18,83,500 crore as of March 31, 2023, marking growth of 20.8 per cent on a year-on-year basis and 8.7 per cent compared with the end of December 2022.

Here are some highlights of deposit growth in the two segments: 

  • Retail deposits grew by Rs 1,06,700 crore or 7.5 per cent 
  • Wholesale deposits grew 15.5 per cent  

HDFC Bank Q4 business update: CASA ratio

HDFC Bank's CASA ratio —  or the proportion of deposits in current and savings accounts in total deposits — declined to 44 per cent at the end of March 2023 from 48.2 per cent at the end of March 2022. The CASA ratio, however, remained unchanged at the level at the end of December 2022. A higher CASA ratio typically aids a lender's margin.

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