HDFC Bank lends Rs 10,800 crore in June quarter; advances grow 21%

The Bank's advances expanded by 21 per cent, on year on year basis, to approximately Rs 10,04,500 crore as of June 30, 2020

HDFC Bank, the country’s largest private sector lender, has lent Rs 10,800 crore in the quarter ended June 2020, a period marked by lockdown and partial easing. It had disbursed Rs 10,100 crore in April-June 2019 (Q1FY20).

The bank’s advances expanded by 21 per cent year on year to approximately Rs 1,004,500 crore, as of June 30. The outstanding loans stood at Rs 829,700 crore as of June 30, 2019, and Rs 993,700 crore as of March 31, 2020.

During the first quarter of FY21, the bank purchased loans aggregating Rs 1,376 crore through direct assignment route under the home loan arrangement