HDFC Bank's loans rise 14.1% in June quarter, advances total Rs 11.47 trn

Country's largest private lender HDFC Bank posted a 14.4 per cent growth on Year-on-Year (Y-o-Y) basis in loans in Q1FY22 and just 1.3 per cent over the preceding quarter ended March 2021 (Q4FY21).

The bank, in a filing with the BSE, said advances aggregated to Rs 11.47 trillion as of June 30, 2021 as against Rs 10.03 trillion in June 2020 and Rs 11.32 trillion in March 2021.

Retail loans expanded 9 per cent on Y-o-Y basis over June 2020 and at a lower pace of 1 per cent sequentially over March 2021. The commercial & rural banking loans grew by around