On 1 July, HDFC Ltd merged with HDFC Bank, creating the largest private sector lender.
New Delhi:
Private sector lender HDFC Bank said on Wednesday that it has registered a 15.8 percent increase in loans to Rs 16,15,500 crore in the first quarter of the current fiscal year.
The credit book was Rs 13,95,000 crore as of June 30 last year.
Gross transfers through interbank certificates of participation and rediscounting bills of exchange, the bank’s advances rose 20.2 percent from June 30, 2022, HDFC Bank said in a filing.
The bank’s deposits amounted to about Rs 19,13,000 crore as of June 30, 2023, an increase of about 19.2 percent from Rs 16,05,000 crore as of June 30 last year, it added.
In the period of April-June 2022, the bank purchased loans totaling Rs 11,632 crore through the direct allocation route under the housing loan agreement with the parent company Housing Development Finance Corporation (HDFC) Ltd, it said.
On 1 July, HDFC Ltd merged with HDFC Bank, creating the largest private sector lender.
The gross advances of the merged entity as of 30 June 2023 amounted to approximately Rs 22,45,000 crore, a growth of 13.1 percent from Rs 19,85,900 crore in the same period last year.
As for the down payment, it said, it stood at about Rs 20,63,500 crore as of June 30, 2023, an increase of 16.2 percent from Rs 17,76,000 crore in the same period a year ago.
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