The figures show that the country’s largest private bank increased its market share during the year. HDFC Bank has a market share of around 16% of bank loans. According to RBI data, aggregate bank deposits grew 9.6%, while advances rose 7.3% in 2021 (through December 17).
“Retail loans have increased by about 13.5% from December 2020 and about 4.5% from September 2021 and business and wholesale loans have increased by about 7.5% from compared to December 2020 and around 4.5% compared to September 2021, ”said HDFC Bank.
Growth in deposits came from the retail segment, which increased by around 17% from December 2020 and around 4% from September 2021. Wholesale deposits only increased by 1% from to December 2020 and fell about 1.5% from September 2021, the bank said.
Of the total deposits, the share of the current account and savings account (CASA) amounted to approximately Rs 6.8 lakh crore as of December 31, 2021, an increase of nearly 25% compared to the year former.
Retail loans included loans totaling Rs 7,468 crore purchased through the direct assignment route under the home loan agreement with HDFC.