Private banks report increased deposits and moderate growth in advances through June 30

Private sector banks have reported a steady increase in deposits, although advances have remained modest as local lockdowns impacted business activity. On Monday, banks filed provisional data on deposits and advances with stock exchanges for the period ended June 30, 2021.

Contrary to this trend, HDFC Bank reported a 14.4% growth in advances to around 11,47,500 yen as of June 30, 2021, up from 10,03,300 yen a year ago. Its domestic retail lending as of June 30, 2021 increased 10.5% from June 30, 2020 and remained at a similar level to that of March 31, 2021. Domestic wholesale lending jumped about 17% from as of June 30, 2020 and approximately 2%. percent from March 31, 2021, HDFC Bank said in its file.

The bank’s deposits increased 13.2% to around 13,46,000 yen as of June 30, 2021 from 11,89,400 yen a year ago.

YES Bank reported a 0.4% drop in loans and advances as at June 30, 2021 to 1,63914 crore from 1,64510 crore as at June 30, 2020. On a sequential basis, loans fell 1.8% from in March. Quarter 31, 2021. In contrast, the bank’s deposits climbed 39.1 percent to 1,632,955 yen crore at the end of June this year, up from 1,17,360 crore a year ago.

The Federal Bank reported growth of 8% in gross advances to 1,32770 crore yen from 1,23,437 crore yen a year ago. Its total deposits increased 9% to 1,69,393 crore yen as of June 30, 2021, from 1,54,938 crore yen a year ago. However, deposits fell 1.9 percent on a sequential basis.

IndusInd Bank reported a 7 percent growth in its net advances to 2,11,159 crore during the period from 1,98,069 crore a year ago. On a sequential basis, its net advances have fallen 1% from 2,12,595 yen crore as of March 31, 2021.

The bank’s deposits jumped 26% to 2.67.629 crore as of June 30, 2021 (₹ 2.11,800 crore). “Retail deposits and small business deposits stood at 1,057,337 crore as of June 30, 2021, up from 95,811 crore as of March 31, 2021,” he said.

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