Hdfc Bank ( (HDB) ) has shared an announcement.
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HDFC Bank reported a growth in average advances under management to ₹26,276 billion for the December 2024 quarter, marking a 7.6% increase from the previous year. The bank’s deposits also saw significant growth, with average deposits rising by 15.9% to ₹24,527 billion. The strategic move to securitise loans worth ₹216 billion highlights the bank’s efforts to strengthen its financial position. Retail loans grew by 10%, while commercial and rural banking loans increased by 11.5%, though corporate loans declined by 10.3%. This growth in deposits and advances reflects HDFC Bank’s strong market presence and its strategic focus on time deposits due to changing customer preferences.
More about Hdfc Bank
HDFC Bank is a prominent financial institution in India, primarily operating in the banking industry. It offers a wide range of products and services including retail banking, commercial and rural banking, and corporate banking. The bank is known for its strong focus on retail loans and deposits, positioning itself as a key player in the Indian banking sector.
YTD Price Performance: -2.37%
Average Trading Volume: 2,429,420
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $156B
See more data about HDB stock on TipRanks’ Stock Analysis page.
