The bank’s period end deposits jumped 15.8% to Rs 25,63,500 crore as on 31st December 2024 as compared with Rs 22,14,000 crore as on 31st December 2023.
The bank’s average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were Rs 26,27,600 crore for Q3 FY25, a growth of around 7.6% over Rs 24,41,400 crore for Q3 FY24.
The bank’s period end advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) increased 6.1% YoY to Rs 26,84,000 crore as on 31st December 2024.
The bank’s average CASA deposits were Rs 8,17,600 crore as on 31st December 2024, a growth of around 6.0% as compared with Rs 7,71,100 crore for the quarter ended as on 31st December 2023.
HDFC Bank’s period end CASA deposits stood at Rs 8,72,500 crore as on 31st December 2024, registering the growth of around 4.4% over Rs 8,35,600 crore as of 31st December 2023.
Meanwhile, the bank received approval from Reserve Bank of India (RBI) to acquire aggregate holding of up to 9.50% of the share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank and Capital Small Finance Bank
The said approval is valid for a period of one year from the date of RBI’s letter, i.e., till 2 January 2026. Further HDFC Bank needs to ensure that the aggregate holding by its group entities in the above-mentioned banks does not exceed 9.50% of the paid-up share capital or voting rights of the respective banks, at all times.
HDFC Bank is private sector lender. As of 30 September 2024, the bank's distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 2024.
The company reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24. Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24.
The scrip fell 1.12% to Rs 1,729.70 on the BSE.