Large, mid-sized banks report 11-23% loan growth in December quarter

Four commercial banks, including HDFC Bank and Bank of Maharashtra, posted credit growth between 10.7 and 23 per cent on a year-on-year basis in the December quarter (Q3FY22).

Sequential growth over September 2021 was between 4.27 and 12 per cent. Private lender YES Bank was an exception with loan growth below the range.

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021, according to the Reserve Bank of India (RBI) data.

The loan books of HDFC Bank, the country’s largest private lender, grew 16.4 per cent year-on-year Rs 12.6 trillion as of December 31, 2021, over Rs 10.82 trillion a year ago.

Sequentially, its advances rose by 5.1 per cent from Rs 11.98 billion in September 2020 (Q2FY22). HDFC Bank’s retail loans grew by around 13.5 per cent year-on-year and 4.5 per cent over September 2021, based on its internal business classification. The traction for growth was stronger in the commercial and rural banking segment, which increased around 29.5 per cent over December 2020 and around 6 per cent over September 2021, the bank said in filing with the BSE. Its deposits grew 13.8 per cent year-on-year to Rs 14.46 trillion and sequentially by 2.8 per cent from Rs 14.06 trillion in September 2021.

Public sector lender Bank of Maharashtra posted 23.02 per cent growth year-on-year in loans to Rs 1.29 trillion as of December 31, 2021. Sequentially, its advances rose 12 per cent from Rs 1.15 trillion in September 2021.

The Pune-based bank’s deposits expanded by 15.21 per cent year-on-year to Rs 1.86 trillion and sequentially 2.78 per cent from Rs 1.81 trillion September 2021.
 
Bandhan Bank said its loan and advances expanded by 11 per cent year-on-year to Rs 89,213 crore at the end of Q3FY22 and sequentially, they rose 9 per cent from Rs 81,661 crore in September 2021.  Its deposits grew 19 per cent year-on-year to Rs 84,500 crore and sequentially 3 per cent from Rs 81,898 crore in September 2021.
 
IDFC First Bank said its loan expanded 10.7 per cent year-on-year to Rs 1,22,289 crore at the end of Q3FY22 and sequentially, rose by 4.27 per cent from Rs 1,17,270 crore in September 2021.