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
06-Jan-2025 13:32:28
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG250106OTHRXKCA
Submitted By (Co./ Ind. Name)
HDFC BANK LIMITED
Designation
Vice president
Effective Date and Time of the event
06/01/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
1. The Bank s average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were 26,276 billion for the December 2024 quarter, a growth of around 7.6% over 24,414 billion for the December 2023 quarter, and a growth of around 2.5% over 25,639 billion for the September 2024 quarter.

The Bank s period end advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were 26,840 billion as of December 31, 2024, a growth of around 6.1% over 25,287 billion as of December 31, 2023, and a growth of around 1.9% over 26,334 billion as of September 30, 2024. On a year-on-year basis, retail loans grew by around 10.0%; commercial & rural banking loans grew by around 11.5%; and corporate & other wholesale loans were lower by around 10.3% over December 31, 2023.

The Bank s period end gross advances aggregated to approximately 25,425 billion as of December 31, 2024, a growth of around 3.0% over 24,693 billion as of December 31, 2023.

During the quarter ended December 31, 2024, the Bank securitised / assigned loans of 216 billion (year to date 463 billion) as a strategic initiative.

2. The Bank s average deposits were 24,527 billion for the December 2024 quarter, a growth of around 15.9% over 21,171 billion for the December 2023 quarter, and around 4.2% over 23,540 billion for the September 2024 quarter.

The Bank s average CASA deposits were 8,176 billion for the December 2024 quarter, a growth of around 6.0% over 7,711 billion for the December 2023 quarter, and around 1.1% compared to 8,084 billion for the September 2024 quarter.

The Bank s average time deposits were 16,351 billion for the December 2024 quarter, a growth of around 21.5% over 13,460 billion for the December 2023 quarter, and a growth of around 5.8% over 15,456 billion for the September 2024 quarter, reflecting customer preference for time deposits.

The Bank s period end deposits were 25,635 billion as of December 31, 2024, a growth of around 15.8% over 22,140 billion as of December 31, 2023, and a growth of around 2.5% over 25,001 billion as of September 30, 2024.

The Bank s period end CASA deposits were 8,725 billion as of December 31, 2024, a growth of around 4.4% over 8,356 billion as of December 31, 2023, and were lower by around 1.2% over 8,836 billion as of September 30, 2024.

The Bank s period end time deposits were 16,910 billion as of December 31, 2024, a growth of around 22.7% over 13,783 billion as of December 31, 2023, and a growth of around 4.6% over 16,165 billion as of September 30, 2024.

3. Key business volumes are as under:

Key figures ( billion) 31-Dec-23 30-Sep-24 31-Dec-24 QoQ YoY

Advances under management*
Average 24,414 25,639 26,276 2.5% 7.6%
Period end 25,287 26,334 26,840 1.9% 6.1%

Gross advances Period end 24,693 25,190 25,425 0.9% 3.0%

Deposits Average 21,171 23,540 24,527 4.2% 15.9%
CASA deposits 7,711 8,084 8,176 1.1% 6.0%
Time deposits 13,460 15,456 16,351 5.8% 21.5%

Deposits Period end 22,140 25,001 25,635 2.5% 15.8%
CASA deposits 8,356 8,836 8,725 (1.2%) 4.4%
Time deposits 13,783 16,165 16,910 4.6% 22.7%
*gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment
The results of the Bank as of December 31, 2024, will be subject to a limited review by the statutory auditors of the Bank.
We request you to bring the above to the notice of all concerned.

Attachments

SGX.pdf
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