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
04-Oct-2024 17:23:32
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG241004OTHR874E
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Deputy Vice President
Effective Date and Time of the event
04/10/2024 17:00:00
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 under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were 26,335 billion as of September 30, 2024, a growth of around 8.0% over 24,374 billion as of September 30, 2023, and a growth of around 2.3% over 25,750 billion as of June 30, 2024. During the quarter, retail loans grew by around 338 billion; commercial & rural banking loans grew by around 380 billion; and corporate & other wholesale loans were lower by 133 billion over June 30, 2024.

The Bank s gross advances aggregated to approximately 25,190 billion as of September 30, 2024, a growth of around 7.0% over 23,546 billion as of September 30, 2023.

During the quarter ended September 30, 2024, the Bank securitised / assigned loans of 192 billion (year to date 246 billion) as a strategic initiative.

2. The Bank s deposits were 25,000 billion as of September 30, 2024, a growth of around 15.1% over 21,729 billion as of September 30, 2023, and a growth of around 5.1% over 23,791 billion as of June 30, 2024.

The Bank s CASA deposits were 8,835 billion as of September 30, 2024, a growth of around 8.0% over 8,177 billion as of September 30, 2023, and a growth of around 2.3% over 8,636 billion as of June 30, 2024.

The Bank s time deposits were 16,165 billion as of September 30, 2024, a growth of around 19.3% over 13,552 billion as of September 30, 2023, and a growth of around 6.7% over 15,155 billion as of June 30, 2024, reflecting customer preference for time deposits in this stage of the rate cycle.

3. The Bank s advances under management, on an average basis, were 25,630 billion for the September 2024 quarter, a growth of around 10.2% over 23,266 billion for the September 2023 quarter, and a growth of around 1.2% over 25,327 billion for the June 2024 quarter.

The Bank s average deposits were 23,532 billion for the September 2024 quarter, a growth of around 15.4% over 20,385 billion for the September 2023 quarter, and around 3.1% over 22,831 billion for the June 2024 quarter.

The Bank s average CASA deposits were 8,082 billion for the September 2024 quarter, a growth of around 7.3% over 7,535 billion for the September 2023 quarter, and lower by around 0.3% compared to 8,106 billion for the June 2024 quarter.

4. Liquidity coverage ratio (average) was around 127% for the quarter.

5. Key business volumes are as under:

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

Advances under management*
Period end 24,374 25,750 26,335 2.3% 8.0%
Average 23,266 25,327 25,630 1.2% 10.2%

Gross advances 23,546 24,869 25,190 1.3% 7.0%

Deposits - period end 21,729 23,791 25,000 5.1% 15.1%
CASA deposits 8,177 8,636 8,835 2.3% 8.0%
Time deposits 13,552 15,155 16,165 6.7% 19.3%

Deposits - average 20,385 22,831 23,532 3.1% 15.4%
CASA deposits 7,535 8,106 8,082 (0.3%) 7.3%
Time deposits 12,850 14,725 15,450 4.9% 20.2%
*gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment
The results of the Bank as of September 30, 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

SGXinitialdis04102024.pdf
Total size =662K