- HDFC Bank's gross advances rose 17% year on year to Rs 25 lakh crore as of March 31
- Total deposits increased to Rs 23.5 lakh crore with CASA ratio easing to 37-38 percent
- Board meeting on April 18 will approve financial results and consider dividend for FY 2025-26
HDFC Bank Ltd. reported a steady March quarter business update, with balance sheet growth remaining robust even as deposit traction lagged marginally, as per an exchange filing by the company.
Gross advances as of March 31 rose about 17% year-on-year to around Rs 25 lakh crore, compared to around Rs 21.4 lakh crore a year ago. Sequentially, the loan book saw a moderate uptick, supported by continued strength in retail and SME lending. The bank maintained calibrated growth in corporate loans, while retail continued to anchor incremental disbursements.
Total deposits stood at approximately Rs 23.5 lakh crore as of March 31, up from nearly Rs 20.5 lakh crore a year ago. The gap between loan and deposit growth kept the credit-deposit ratio elevated at around 106–108%. CASA deposits saw relatively slower accretion, with the CASA ratio easing to 37–38% from 38–39% in the previous quarter, reflecting pressure on low-cost deposit mobilisation.
In an exchange filing dated March 24, HDFC Bank said a meeting of its Board of Directors is scheduled on April 18 to approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31. The Board of Directors will also consider the recommendation of a dividend, if any, for the financial year 2025-26, including fixation of the record date for the same.
Going ahead, the key monitorables remain deposit growth acceleration, CASA traction, and margin stability. While asset quality is expected to remain steady, the focus will be on how the bank balances growth with a stronger liability franchise.
Meanwhile, the bank does not intend to file legal suit or seek damages against its former non-executive chairman Atanu Chakraborty following his strongly worded resignation letter in March, sources say. The lender is instead focused on improving its third-party sales practises and enhancing governance standards, they told NDTV Profit.
The bank has till now taken action against three senior executives by suspending them and penalised 12 other employees for their role in alleged mis-selling of AT-1 bonds in 2018-19.
Following Chakraborty's resignation as certain practises at the bank were not in line with his internal values, the lender appointed external legal firms, who sources say, are assessing the minutes of the meetings when AT-1 bond issue was flagged and finding whether the lender took corrective actions and held people accountable in a timely manner.
ALSO READ: HDFC Bank Unlikely To File Legal Suit Against Former Chairman Atanu Chakraborty
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