HDFC bank deposits grow 14%, loans 16% in 2021

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Mumbai: HDFC Bank stated that as of December 31, 2021, its deposits had increased by 13.8% to Rs 14.5 lakh crore from Rs 12.7 lakh crore in the previous year. Advances increased 16.4% in December 2020 to Rs 12.6 lakh crore versus Rs 10.8 lakh crore.
The figures show that the country’s largest private bank increased its market share over the course of the year. In bank loans, HDFC Bank has a market share of around 16%. Overall, according to RBI data, bank deposits increased 9.6%, while advance payments increased 7.3% in 2021 (through December 17).
“Retail loans are up around 13.5% from December 2020 and around 4.5% from September 2021; Commercial and rural bank lending increased by around 29.5% compared to December 2020 and around 6% compared to September 2021; and corporate and other wholesale lending rose around 7.5% in December 2020 and around 4.5% from September 2021, ”said HDFC Bank.
down payment growth came from the retail segment, which grew by around 17% compared to December 2020 and around 4% compared to September 2021. Wholesale deposits rose by just 1% compared to December 2020 and around 1.5% lower compared to September 2021, the bank said.
In terms of total deposits, the current and savings account (CASA) accounted for around 6.8 million rupees as of December 31, 2021, an increase of almost 25% compared to the previous year.
Retail Loans comprised the total of Rs 7,468 billion in loans acquired through the direct assignment route under the home loan agreement with HDFC.


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