HDFC Bank Posts 12% Loan Growth; Peers ESAF, Kotak Show Gains

BANKINGFINANCE
Whalesbook Logo
AuthorKavya Nair|Published at:
HDFC Bank Posts 12% Loan Growth; Peers ESAF, Kotak Show Gains
Overview

HDFC Bank reported a strong 12% rise in total advances to ₹28.44 lakh crore for the December quarter. Deposits also saw a 12% jump. Competitors Kotak Mahindra Bank and ESAF Small Finance Bank also posted significant credit growth, with Kotak's net credit up 16% and ESAF's up 13%.

Banking Sector Shows Robust Growth in December Quarter

HDFC Bank, India's largest private sector lender, announced a significant 12% year-on-year increase in its total advances, reaching ₹28.44 lakh crore for the quarter ending December 31, 2024. This performance underscores a healthy demand for credit across the economy.

The bank also reported a substantial 12% rise in average deposits, which grew to ₹27.52 lakh crore from ₹24.52 lakh crore in the corresponding period last year. Advances under management saw an approximate 9% expansion, climbing to ₹28.63 lakh crore.

Competitors Post Strong Gains

Other major financial institutions also showcased positive results. Kotak Mahindra Bank registered a robust 16% net credit growth, with total credit reaching ₹4.80 lakh crore, up from ₹4.13 lakh crore a year prior. Its total deposits climbed 14.6% to ₹5.42 lakh crore.

ESAF Small Finance Bank reported a 13% increase in total credit, standing at ₹20,680 crore for the third quarter. Deposits grew 7% to ₹24,006 crore. The bank also saw an improvement in its CASA ratio to 25.12% as of December 31, 2024. ESAF completed transactions involving the sale of non-performing assets amounting to ₹1,693.65 crore for an aggregate consideration of ₹183.18 crore.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.