HDFC Bank logo is seen in this illustration taken June 19, 2025
| Photo Credit:
Dado Ruvic
India’s top private lender HDFC Bank said on Friday that its sequential growth in deposits outpaced loans in the first quarter.
Deposits, as of the end of the June quarter, rose 1.8 per cent to ₹2,764,000 crore (about $324 billion) from the previous quarter, while gross advances increased 0.4 per cent to ₹2,653,000 crore, the Mumbai-based bank said.
Shares of the lender, the heaviest on the benchmark Nifty 50 rose 0.4% in early trade, while the Nifty 50 was little changed.
HDFC Bank merged with parent HDFC in July 2023, adding a large pool of loans to its portfolio but a much smaller volume of deposits. That put the lender under pressure to either raise more deposits or scale back loan growth.
Overall credit growth across Indian lenders has been under pressure, data from the central bank showed in March, due to a moderation in personal and credit card loans following tighter rules by the Reserve Bank of India.
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Published on July 4, 2025