HDFC Financial institution Q3 enterprise replace: Lender’s gross advances soar 62.4%, retail loans zoom 111%


HDFC Financial institution Q3 outcomes replace: HDFC Financial institution, the nation’s largest personal sector financial institution, launched its FY24 third-quarter enterprise replace on Friday, January 5. The lender’s gross advances zoomed to roughly Rs 24,69,500 crore in Q3 that ended on December 31, 2023, a development of round 62.4 per cent from 15,20,500 crore within the earlier yr and a development of round 4.9 per cent over Rs 23,54,600 crore on a sequential foundation.

Grossing up for transfers via inter-bank participation certificates and payments rediscounted, the financial institution’s advances grew by round 60.7 per cent over December 31, 2022, and round 3.8 per cent over September 30, 2023, HDFC Financial institution mentioned in a regulatory submitting.

Its home retail loans throughout the three-month interval surged by round 111 per cent over December 31, 2022, and by round 3.0 per cent over September 30, 2023. Industrial and rural banking loans elevated by round 31.5 per cent YoY and round 6.5 per cent QoQ.

Company and different wholesale loans (excluding non-individual loans of the erstwhile HDFC Restricted) gained by round 11 per cent and round 2.0 per cent YoY and QoQ, respectively.

The lender’s deposits soared to roughly Rs 22,140,00 crore as of December 31, 2023, registering a development of round 27.7 per cent towards Rs 17,332,00 crore registered a yr in the past and a development of round 1.9 per cent over Rs 21,729,00 crore as of September 30, 2023.

In the meantime, HDFC Financial institution’s retail deposits elevated by round Rs 530,00 crore throughout the quarter and grew by round 28.4 per cent over December 31, 2022, and round 2.9 per cent over September 30, 2023; wholesale deposits grew by round 24.4 per cent over December 31, 2022, and have been decrease by round 3.4 per cent over September 30, 2023.

The financial institution’s CASA deposits aggregated to roughly Rs 8,355,00 crore as of December 31, 2023, a development of round 9.5 per cent from Rs 7,630,00 crore within the year-ago interval and round 2.2 per cent over Rs 8,177,00 crore as of September 30, 2023.

Retail CASA grew by round 10.0 per cent YoY and by round 2.3 per cent on a QoQ foundation. The lender’s CASA ratio stood at round 37.7 per cent as of December 31, 2023, towards 44.0 per cent as of December 31, 2022 and 37.6 per cent as of September 30, 2023.

HDFC Financial institution shares on Friday closed 0.7 per cent, or Rs 11.85 decrease, at Rs 1,679 on the NSE.

HDFC Financial institution Q3 outcomes 2024 date

The financial institution is scheduled to launch its quarterly outcomes on January 16.

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