HDFC Bank's Deposits Exceed Loans for the First Time Post-Merger

Economy

1 year ago

News sources:

Credited from: INDIATIMES

HDFC Bank's **deposits** have **surpassed its advances** for the first time following the July 2023 merger with its housing finance parent.
As of **December 31, 2024**, deposits reached **Rs 25.6 lakh crore**, showing a **15.8% growth** from the previous year.
The bank's **advances** saw a **3% rise**, totaling **Rs 25.4 lakh crore**, but this growth is part of a broader strategy to manage credit-deposit ratios.
Corporate loans experienced a **10% drop**, contributing significantly to the slower growth in advances.
HDFC Bank's increase in **term deposits** indicates a trend of customers preferring to **lock in higher interest rates** amidst fluctuating rates.

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