The slowdown, deepened due to the Covid-induced stress in the economy, has impacted HDFC Bank’s growth both on the advances as well as on the deposit side. The country’s largest private lender has seen a 17-quarter low in its loan growth in FY21 over the previous fiscal while deposit growth was at a 13-quarter low.

HDFC Bank’s total advances rose 13.9% over the previous fiscal to Rs 11,32,000 crore in FY21. Deposits, on the other hand, grew 16.3% to Rs 13,35,000 crore, according to provisional figures filed by the bank. Though deposits and the loan book grew in double digit, the bank normally posts over 20% growth year-on-year.

On a sequential basis, the bank’s advances grew 4.6% as compared to Rs 10,82,300 crore as of 31 December, 2020. Deposits grew around 5% over Rs 12,71,100 crore as of 31 December, 2020.

At the end of March 2021, the domestic retail loans were up by around 7.5% and the domestic wholesale loans grew by around 21% year-on-year, said the private sector lender.

HDFC Bank, though, managed to maintain a robust growth in its low-cost deposits with the CASA (current account savings account) ratio reaching a 16-quarter high. The bank’s casa at the end of the fourth quarter climbed 46% while in the year-ago period it was at 42.2%.

During the quarter ended 31 March 2021, the bank purchased loans aggregating Rs 7,503 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC) Ltd.

Federal Bank, in contrast, reported the best deposit growth in eight quarters and best advances growth in nine quarters. Deposits were up 13.4% over the previous fiscal to Rs 1,72,655 crore and rose 6.8% sequentially. Similarly, advances grew 8.6% over the previous year to Rs 1,34,876 crore (5.2% up sequentially).

Federal Bank's CASA at Rs 58,381 crore rose 25.7% YoY, and 4.7% QoQ. CASA ratio was at 33.81% compared to 30.5% YoY and 34.5% QoQ.

Most banks saw their deposits swell as people began to save amid Covid fears which restricted travel, dinning and other avenues for expenditure. Yes Bank reported a 54.7% growth in its bank deposits to Rs 1,62,947 crore in FY21, improving from the year-ago period when the deposit base was decelerating at 53.7%.

In sharp contrast, the advances of the bank grew just 0.8% to Rs 1,72,850 crore, while sequential rise was 1.8%. In the year-ago period, the bank’s advances were decelerating by 29%. On 5 March 2020, the Reserve Bank of India (RBI) had imposed a moratorium on Yes Bank as its capital position had deteriorated.

The bank’s CASA ratio was 27.3% compared to 28.5% on 31 March 2020..

IndusInd Bank reported strong deposit momentum in the fourth quarter of FY21, but loan growth slackened in the year. The bank reported 3% growth in its advances to Rs 2,13,049 crore, lower than the 10.9% growth it had reported in FY20. However, the deposit growth at Rs 2,56,158 crore was 26.8% higher than the previous year. Deposits grew sequentially by 6.9%.

CASA ratio was at 41.8% versus 40.4% a year ago. In the previous quarter, this was at 40.5%.

Gold loan portfolio has slowed down in the fourth quarter while overall business picked up, the bank said in a regulatory filing.

CSB, the Kerala-based lender, reported 26.7%YoY growth in its advances to Rs 14,645 crore, as per its updates for the year ended 31 March, 2021. Even sequentially the bank reported a 9.1% growth in its advances. The deposit growth of the bank grew by 21.1% to Rs 19,140 crore and the CASA ratio was at 32%.

CSB’s gold loan portfolio at Rs 6,121.34 crore in the fiscal fourth quarter increased 61.05% YoY. Sequentially, the gold loan portfolio grew by just 8.65 % from Rs 5,633.75 crore reported in the fiscal third quarter ended 31 December 2020.