HDFC Bank deposits up 14%, loans 16% in 2021 – Times of India

HDFC Bank deposits up 14%, loans 16% in 2021 - Times of India

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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.



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