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HDFC Bank loans increased by 14% in June, but declined compared to before the second wave of Corona

HDFC Bank said that its loan has increased by 14.4 percent in June this year.

HDFC Bank on Monday said that its loans have increased by 14.4 per cent till the date of June 30 this year. With this, the number of loans given by him is Rs 11.47 lakh crore. HDFC Bank said in a regulatory filing that the total number of advances of the bank as on June 30, 2021 is Rs 11,475 billion, which is about 14.4 percent more than Rs 10,033 billion as of June 30, 2020. At the same time, there is a growth of about 1.3 percent as compared to Rs 11,328 billion on the date of 31 March 2021.

The private sector lender said its domestic retail loans grew 10.5 per cent year-on-year till the end of the first quarter of the current financial year. Whereas, there has been an increase of about 17 percent in domestic wholesale loans.

Retail loans grew by almost 9%

Among loan categories, retail loans grew by around 9 per cent and declined by around 1 per cent as on March 31, 2021. At the same time, there has been an increase of about 25 percent in commercial and rural banking loans as compared to June 30, 2020 and has seen an increase of about 4 percent as compared to March this year. Wholesale loans have grown by about 10.5 percent in comparison to June last year and have increased by about 1.5 percent compared to March 2021.

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Retail loans stood at around Rs 43,600 crore during the first quarter of FY 2022, which would see a growth of 202 per cent over the year-ago period. However, there has been a decline of 30 per cent against Rs 62,500 crore during the quarter ending March 2021. In this, the figures for the first quarter of the financial year 2021-22 i.e. April-June 2021 are better than that of April-June 2020, (ie, compared to the lockdown months of last year), but there is a decline in comparison to January-March 2021. This shows the effect of the second wave of corona on recovery.

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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