General Announcement::Disclosure

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Jul-2023 16:51:22
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG230705OTHRBVD4
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Description (Please provide a detailed description of the event in the box below)
We would like to intimate the following:

1) The Bank s advances aggregated to approximately 16,155 billion as of June 30, 2023, a growth of around 15.8% over 13,951 billion as of June 30, 2022 and a growth of around 0.9% over 16,006 billion as of March 31, 2023. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank s advances grew by around 20.2% over June 30, 2022 and around 1.9% over March 31, 2023.

As per the Bank's internal business classification, domestic retail loans grew by around 20.0% over June 30, 2022 and around 4.0% over March 31, 2023; commercial & rural banking loans grew by around 29.0% over June 30, 2022 and around 2.0% over Mach 31, 2023; and corporate & other wholesale loans grew by around 11.0% over June 30, 2022 and were lower by around 1.0% over March 31, 2023.

2) The Bank s deposits aggregated to approximately 19,130 billion as of June 30, 2023, a growth of around 19.2% over 16,048 billion as of June 30, 2022 and a growth of around 1.6% over 18,834 billion as of March 31, 2023.

Retail deposits increased by around 380 billion during the quarter, and grew by around 21.5% over June 30, 2022 and around 2.5% over March 31, 2023; wholesale deposits grew by around 9.0% over June 30, 2022 and were lower by around 2.5% over March 31, 2023.

3) The Bank s CASA deposits aggregated to approximately 8,130 billion as of June 30, 2023, a growth of around 10.7% over 7,346 billion as of June 30, 2022 and were lower by around 2.7% over 8,360 billion as of March 31, 2023. Retail CASA grew by around 11.0% over June 30, 2022 and was lower by around 2.0% over March 31, 2023. The Bank s CASA ratio stood at around 42.5% as of June 30, 2023, as compared to 45.8% as of June 30, 2022, and 44.4% as of March 31, 2023.

4) During the quarter ended June 30, 2023, the Bank purchased loans aggregating 116.32 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.

The above information as of June 30, 2023 is subject to a limited review by the statutory auditors of the Bank.










Additional Information:

5) HDFC Limited amalgamated with and into HDFC Bank on July 01, 2023. We would like to intimate the following for the merged Balance Sheet of HDFC Bank Limited and HDFC Limited (hereinafter referred to as the Merged entity ) on a proforma basis. Further, in order to facilitate the merging of the financials of HDFC Limited with those of the Bank, HDFC Limited closed its books of accounts a few days prior to the quarter ended June 30, 2023 and accordingly some of the numbers may not be directly comparable with those of the previous year.

(i) The Merged entity s gross advances aggregated to approximately 22,450 billion as of June 30, 2023, a growth of around 13.1% over 19,859 billion as of June 30, 2022, and a growth of around 0.7% over 22,302 billion as of March 31, 2023.

(ii) The Merged entity s gross advances, excluding wholesale advances of HDFC Ltd, aggregated to approximately 21,365 billion as of June 30, 2023, a growth of around 15.3% over 18,522 billion as of June 30, 2022, and a growth of around 1.3% over 21,097 billion as of March 31, 2023.

(iii) The Merged entity s deposits aggregated to approximately 20,635 billion as of June 30, 2023, a growth of around 16.2% over 17,760 billion as of June 30, 2022, and a growth of 1.2% over 20,394 billion as of March 31, 2023.

(iv) The Merged entity's average LCR for the quarter ended June 30, 2023, was around 120% on a proforma basis.


We request you to bring the above to the notice of all concerned.

Attachments

SGXInitial Results disclosure 30jun2023.pdf
Total size =672K