HDFC Bank clocks 3% rise in loan growth in Q3, IDBI sees 18% growth

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HDFC Bank clocks 3% rise in loan growth in Q3, IDBI sees 18% growth - Business Standard

Quick Summary:

The bank's average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment) were Rs 26.27 lakh crore for the quarter under review, registering a growth of about 7.6 per cent over Rs 24.41 lakh crore in the year-ago period.

The country's biggest private sector lender, HDFC Bank, on Saturday said it has registered a marginal 3 per cent increase in loan growth at Rs 25.42 lakh crore in the December quarter.

The lender reported a 15.8 per cent rise in total deposits to Rs 25.63 lakh crore as against Rs 22.14 lakh crore at the end of the third quarter of the previous financial year.