HDFC Bank Adds 1 Kotak Bank To Its Loan Book Every 3 Quarters | ET Now | Business News

HDFC Bank came out with its quarterly update for Q1FY23. Loan growth has been solid with the sequential loan growth at over 6% and its loan book now headed very close to 15 lac crore. Within the loan book Commercial and Rural banking grew nearly 10% sequentially and corporate showed a healthy uptick of 9% sequentially. The deposits which continue to be a concern for investors grew at over 4% sequentially, 19% YOY. Wholesale deposits were the drag on deposit growth. CASA for the Bank grew at over 15% and the CASA ratio came in at 45%. Hersh Sayta breaks down the numbers for us.Read More