HDFC Bank's deposits increase to ₹12,290 billion as of Sep 30, 2020

HDFC Bank Limited has announced the key financial information for the period ended September 30, 2020.

The Bank's advances aggregated to approximately ₹10,370 billion as of September 30, 2020, a growth of around 16% as compared to ₹8,970 billion as of September 30, 2019 and a growth of around 3% as compared to ₹10,033 billion as of June 30, 2020.

The Bank's deposits aggregated to approximately ₹12,290 billion as of September 30, 2020, a growth of around 20% as compared to ₹10,216 billion as of September 30, 2019 and a growth of around 3% as compared to ₹11,894 billion as of June 30, 2020.

The Bank's CASA ratio stood at around 42% as of September 30, 2020, as compared to 39.3% as of September 30, 2019 and 40.1% as of June 30, 2020.

During the quarter ended September 30, 2020, the Bank purchased loans aggregating ₹30.26 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.

The above information is subject to an audit by the statutory auditors of the Bank.

Shares of HDFC Bank Ltd was last trading in BSE at Rs.1114.15 as compared to the previous close of Rs. 1106.6. The total number of shares traded during the day was 258318 in over 10131 trades.

The stock hit an intraday high of Rs. 1131.45 and intraday low of 1110.65. The net turnover during the day was Rs. 289910823.

Source : Equity Bulls

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