HDFC Bank has reported a healthy growth in its advances and deposits in the last quarter of the fiscal.

The country's largest private sector lender has seen its loan book surge 21% year-on-year to Rs 13.69 lakh crore for the quarter ended March 31, 2022. On a quarter-on-quarter basis, the loan book grew 8.6%, the bank said in a business update.

Deposits grew 17% YoY to Rs 15.59 lakh crore. On a QoQ basis, deposits rose 7.8%.

The credit growth was led by corporate and retail loans.  Corporate and other wholesale loans surged 17.5% over the earlier year and around 11.5% QoQ..

Retail loans in the fiscal fourth quarter rose 15% YoY and 5% QoQ.

HDFC Bank said commercial and rural banking loans in Q4 grew by around 30.5% over the year-ago period and around 10% over the earlier quarter. 

Retail deposits surged 18.5% over the earlier year and around 6% QoQ. Wholesale deposits rose 10% over March 31, 2021 and around 17% over December 31, 2021.

CASA (current account savings account) at Rs 7.51 lakh crore posted a growth of around 22% compared to Rs 6.15 lakh crore a year ago. The QoQ  growth was at around 10.2% over Rs 6.812 lakh crore as of December 31, 2021.

CASA ratio improved to 48% as of March 31, 2022, from 46.1% a year ago and 47.1% a quarter ago.

During the quarter ended March 31, 2022, the bank purchased loans aggregating Rs 8,117 crore  through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Ltd (HDFC Ltd).

The numbers are subject to an audit by the statutory auditors of the bank. HDFC Bank will be declaring its Q4FY22 results on April 16.

HDFC Bank added 563 branches during the quarter, bringing the network to 6,342 branches as on March 31, 2022, versus 5,779 branches as on December 31, 2021 and 5,608 branches as on March 31.