INSUBCONTINENT EXCLUSIVE:
crore as of March 31, marking a growth of about 21 per cent as compared to Rs 8.19 lakh crore a year ago and Rs 9.36 lakh crore on December
31, 2019.
The bank's deposits aggregated to Rs 11.46 lakh crore, clocking a growth of 24 per cent as compared to Rs 9.23 lakh crore as of
March 31, 2019 and Rs 10.67 lakh crore on December 31, 2019.
Following the announcement, the scrip rose 7.68 per cent to hit a high of Rs
876 on BSE.
HDFC Bank said it purchased Rs 5,479 crore of loans from parent mortgage lender HDFC during the quarter.
The CASA (current
account saving account) ratio stood at 42 per cent as of March 31 as compared to 42.4 per cent a year ago and 39.5 per cent on December 31
last year, the bank said in a statement.
Private banking and financial stocks have been under pressure with investors expecting a
deterioration in their asset qualities due to a host of factors, including the disruption in economic activity from coronavirus outbreak.
