HDFC Bank advances grows by 20%, deposits up by 25% (YoY) in 2019

Bank also launches its farmer outreach programme 'Har Gaon Hamara'

The largest private sector lender HDFC bank’s advances grew by 20 per cent to Rs 9.34 trillion as of December 31, 2019 as compared to Rs 7.81 trillion as of December 31, 2018. Lender’s advances stood at Rs 8.97 trillion as of September 30, 2019.

Deposits for HDFC Bank stood at Rs 10.67 trillion as of December 31, 2019 growing by 25 per cent compared to Rs 8.52 trillion as of December 31, 2018. In September 2019, deposits stood at Rs 10.21 trillion.

The bank’s current and saving account (CASA) ratio stood at around 39.5% as of December 31, 2019,