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-Jul-2024 01:43:20
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240706OTHRUELB
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
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 gross advances aggregated to approximately 24,870 billion as of June 30, 2024, a growth of around 52.6% over 16,300 billion as of June 30, 2023. Excluding the impact of the merger of erstwhile HDFC Limited with the Bank on July 1, 2023, the Bank s gross advances grew by 14.9% over June 30, 2023. This compares to 25,078 billion as of March 31, 2024.

The Bank s advances under management (grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were 25,750 billion as of June 30, 2024, 17,053 billion as of June 30, 2023, and 25,758 billion as of March 31, 2024.

During the quarter, retail loans grew by around 186 billion; commercial & rural banking loans grew by around 72 billion; and corporate & other wholesale loans were lower by 266 billion over March 31, 2024.

2) The Bank s deposits were 23,790 billion as of June 30, 2024, a growth of around 24.4% over
19,131 billion as of June 30, 2023, and were at similar levels compared to 23,798 billion as of March 31, 2024. Excluding the July 2023 merger impact, the Bank s deposits grew by 16.5% over June 30, 2023.

The Bank s CASA deposits were 8,635 billion as of June 30, 2024, a growth of around 6.2% over 8,130 billion as of June 30, 2023. This compares to 9,088 billion as of March 31, 2024, which had a seasonal impact. Current account balances reduced by 425 billion during the quarter.

The Bank s time deposits were 15,155 billion as of June 30, 2024, a growth of around 37.7% over 11,001 billion as of June 30, 2023. This compares to 14,710 billion as of March 31, 2024.

3) The Bank s advances under management, on an average basis, were 25,325 billion for the June 2024 quarter, a growth of 54.1% over 16,439 billion for the June 2023 quarter, and a growth of 0.8% over 25,125 billion for the March 2024 quarter.



The Bank s average deposits were 22,830 billion for the June 2024 quarter, a growth of 25.2% over 18,240 billion for the June 2023 quarter, and 4.6% over 21,836 billion for the March 2024 quarter.

The Bank s average CASA deposits were 8,105 billion for the June 2024 quarter, a growth of 8.1% over 7,495 billion for the June 2023 quarter, and 3.3% over 7,844 billion for the March 2024 quarter.

4) Liquidity coverage ratio (average) was around 123% for the quarter.

5) Key business volumes are as under:

Key figures ( billion) June 30, 2023 March 31, 2024 June 30, 2024 QoQ YoY

Gross advances 16,300 25,078 24,870 (0.8%) 52.6%

Advances under management*
Period end 17,053 25,758 25,750 (0.0%) 51.0%
Average 16,439 25,125 25,325 0.8% 54.1%

Deposits 19,131 23,798 23,790 (0.0%) 24.4%
CASA deposits 8,130 9,088 8,635 (5.0%) 6.2%
Time deposits 11,001 14,710 15,155 3.0% 37.7%

Average deposits 18,240 21,836 22,830 4.6% 25.2%
CASA deposits 7,495 7,844 8,105 3.3% 8.1%
Time deposits 10,745 13,992 14,725 5.2% 37.0%
*gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment

The figures for the periods ended June 30, 2024 and March 31, 2024 include the operations of the erstwhile HDFC Limited which amalgamated with and into HDFC Bank on July 01, 2023 and hence are not comparable with those of the corresponding period of the previous year.
The results of the Bank as of June 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

SGX.pdf
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