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.
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.
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.
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.
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Published on: Jan 6, 2025, 12:11 PM IST
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