Indian lender HDFC Bank's gross advances and deposits both rose in the second quarter, it said on Friday. The country's biggest private bank said gross advances, or loans sanctioned and disbursed, rose 1.

HDFC Bank's total advances under management, which include loans securitised or sold, stood at ₹26.34 lakh crore by the end of September 2024.

Retail loans grew by around Rs 33,800 crore while commercial and rural banking loans grew by around Rs 38,000 crore from a quarter earlier, HDFC Bank said

Update: HDFC Bank’s deposits grew 15.1% to ₹25.00 lakh crore in Q2FY25 from ₹21.73 lakh crore crore in Q2FY24. Deposit growth was around 5.1% from ₹23.79 lakh crore as of June 30, 2024.

HDFC Bank reported a 15% year-on-year rise in deposits to Rs 25 lakh crore for the quarter ending September 2024. Advances under management increased by 8%, reaching Rs 26.33 lakh crore. Gross advances grew by 7% to Rs 25.

The bank’s time deposits were Rs 16.17 lakh crore as of September 30, as compared to Rs 15.16 lakh crore as on June 30, and Rs 13.55 lakh crore in September 30, 2023. The time deposit of the bank registered a growth of around 19.3 percent on a yearly basis and 6.7 percent on a quarterly basis.

India's biggest private lender HDFC Bank on Friday said that the sequential rise in deposits outpaced loan growth in the fiscal second quarter. The Mumbai-based bank's gross advances, or loans sanctioned and disbursed,

HDFC Bank, the country's largest private sector bank, has reported a growth of 15.1 per cent YoY in deposits in the second quarter (July to September) of FY2025. The deposits stood at Rs 25,00,000 crore,