HDFC Bank’s share price rose as much as 2% in morning trade on Thursday (April 4) after the private sector lender released its fourth quarter results update.
As of 11:46 am, HDFC Bank shares were trading at Rs 1,518.2 per share, up 2.4 per cent or Rs 5.65 on the BSE. Around the same period, the company’s market capitalization was Rs 11,533,244,999 million.
Early on Thursday, HDFC Bank announced through a regulatory filing that the bank’s total advances as on March 31, 2024 stood at Rs 2,508,000 crore, an increase of 55.4 per cent from Rs 1,614,200 crore as on March 31. did. 2023.
The Bank’s advance payments increased by approximately 53.8% as of March 31, 2023 and by approximately 1.9% as of December 31, 2023.
Additionally, domestic personal loans increased approximately 108.9% as of March 31, 2023, and increased approximately 3.7% sequentially.
As on March 31, 2024, the bank’s total deposits stood at Rs 2,380,000 crore, representing an increase of approximately 26.4% year-on-year (YoY) to Rs 1,883,400 crore and an increase of 7.5% quarter-on-quarter.
Retail deposits increased by approximately 27.8% as of March 31, 2023 and by approximately 6.9% as of December 31, 2023.
The bank’s current account deposits (CASA) stood at Rs 909,000 crore as on March 31, 2024, compared to Rs 836,000 crore year-on-year, an increase of about 8.7%.
The bank’s CASA ratio was approximately 38.2% as of March 31, 2024, compared to 44.4% a year ago and 37.7% as of December 31, 2023.
The application also noted that the figures for the period ended March 31, 2024 include the operations of the erstwhile HDFC Limited, which merged with HDFC Bank on July 1, 2023 to become HDFC Bank. It also revealed that the figures cannot be compared with those for the period ending March 31, 2024. Previous year.
Stock price performance of HDFC Bank stock
HDFC Bank’s share price has fallen over 8% in a year compared to the Nifty 50’s rise of over 27%.
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