HDFC Bank’s loan book grew nearly 17% year-on-year for the fiscal fourth quarter ended March while deposits rose 21%. 

The country’s largest private lender saw its advances grow to Rs 16 lakh crore as of March 2023, up 16.9%, compared with Rs 13.6 lakh crore a year ago. The growth was 6.2% over the preceding quarter ended December 2022.

However, taking into consideration the gross of transfers through inter-bank participation certificates and bills rediscounted, HDFC Bank's advances growth then comes to around 21.3% over 31 March 2022, and around 6.5 % over 31 December 2022.

According to the fourth quarter business update released by the bank, domestic retail loans grew by around 21% year-on-year, while commercial and rural banking loans surged 30% YoY and 9.5% quarter-on-quarter. 

Corporate and other wholesale loans rose 12.5% YoY for the quarter ending March 2023 and 4.5% QoQ. The bank, in fact, posted double-digit growth across lending verticals.

The bank’s deposits stood at Rs 18.8 lakh crore as of March 2023, up 20.8% from Rs 15.59 lakh crore a year ago. In the preceding quarter ended December 2022, deposits stood at Rs 17.3 lakh crore.

Retail deposits during the March quarter increased by around Rs 1.06 lakh crore, and rose 23.5% over 31 March 2022, and around 7.5% over 31 December 2022.

Wholesale deposits jumped by 10% YoY and 15.5% QoQ.

The bank's CASA (current account savings account) deposits stood at Rs 8.36 lakh crore as of 31 March 2023, a growth of around 11.3% over Rs  7.51 lakh crore in the same period last year, and a growth of around 9.6% over Rs  7.63 lakh crore as of 31 December 2022.

During the quarter, retail CASA grew by around 12.5% YoY and 7.5% QoQ.

CASA ratio, however, dropped to 44% in Q4FY23 versus 48.2% in Q3FY22. But it remained unchanged from 44% in the December 2022 quarter.

During the fiscal fourth quarter ended March 2023, HDFC Bank purchased loans amounting to Rs 9,340 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC).

On Monday, HDFC Bank's stock closed flat at Rs 1,609 apiece on NSE. So far this year, it is down 1.15%. The bank will announce its fourth quarter financial results on 15 April.