HDFC Bank up over 2% on December quarter operational performance

In Q3FY20, HDFC Bank underperformed the benchmark index by climbing 2.46 per cent as compared to Sensex's 7.69 per cent gain during the same period

Shares of HDFC Bank climbed 2.5 per cent to Rs 1272 apiece on the BSE on Tuesday after the largest private sector lender reported strong business growth in the December quarter (Q3FY20).

The bank’s total advances grew by 20 per cent year on year (YoY) to Rs 9.34 trillion in Q3FY20, driven by festive season demand. Total advances stood at Rs 7.81 trillion in Q3FY19 and at Rs 8.97 trillion in September 2019 quarter (Q2FY20).

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