HDFC Bank Q3 FY25 Updates: Total Advances Jumps 3%, Deposits Rises Nearly 16%

India’s largest private sector lender, HDFC Bank, is set to remain in the spotlight as it released provisional figures showcasing a notable divergence between deposit and loan growth for the quarter ending December 31, 2024.

Deposit Growth Outpaces Loans

HDFC Bank’s total deposits stood at ₹25.63 lakh crore, marking a robust growth of 15.8% year-on-year (YoY) compared to ₹22.14 lakh crore in the same period last year. This significant deposit growth was driven by a strong surge in time deposits, which increased by 22.7% YoY to ₹16.91 lakh crore.

CASA (Current Account and Savings Account) deposits grew by 4.4% YoY to ₹8.72 lakh crore. In contrast, loan growth was more subdued, with gross advances growing by just 3% YoY to ₹25.42 lakh crore as of December 31, 2024, compared to ₹24.69 lakh crore a year earlier.

Advances Growth and Strategic Initiatives

Including inter-bank participation certificates, bills rediscounted, and securitisation, advances grew by 6.1% YoY to ₹26.84 lakh crore.

The bank securitised loans worth ₹21,600 crore during the quarter as part of its strategic initiatives. HDFC Bank has assigned loans totalling ₹46,300 crore for the fiscal year through such measures.

Sectoral Performance: Retail and Rural Banking Lead

Breaking Down the Loan Growth

• Retail loans grew by 10% YoY, demonstrating strong demand in the segment.
• Commercial and rural banking loans saw a rise of 11.5% YoY, reflecting sustained growth in these sectors.
• However, corporate and other wholesale loans contracted by 10.3% YoY, pulling down overall loan growth.

Stock Performance 

On January 06, 2025, HDFC Bank share price traded 1.46% lower at ₹1,723.70 at 11:35 AM (IST). HDFC Bank share price reached a 52-week high of ₹1,880 on December 19, 2024, and a 52-week low of ₹1,363.45 on February 14, 2024. As per BSE, the total traded volume for the stock stood at 1.46 lakh shares with a turnover of ₹25.38 crore.

At the current price, HDFC Bank shares are trading at a price-to-earnings (P/E) ratio of 20.31x, based on its trailing 12-month earnings per share (EPS) of ₹86.14, and a price-to-book (P/B) ratio of 2.91, according to exchange data.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.