Total transfers through inter-bank participation certificates and bills rediscounted, bank advances increased by about 25.8 per cent as compared to September 30, 2021, HDFC The bank said in a regulatory filing.
The bank’s deposits stood at around Rs 16.73 lakh crore as on September 30, 2022, which is about 19 per cent higher than Rs 14.06 crore as on September 30, 2021.
During the quarter ended September 30, 2022, Bank Purchased a total loan of Rs 9,145 crore through the Direct Assignment Route under Home loan arrangement with parent firm Housing Development Finance Corporation Limited,
Earlier in April, IndiaHDFC Bank, the largest private lender of India, has agreed to take on the largest home mortgage lender in a deal worth around USD 40 billion, creating financial services Titan,
The combined asset base of the proposed unit would be around Rs 18 lakh crore. The merger is expected to be completed by the second or third quarter of FY24, subject to regulatory approvals.
Once the deal goes into effect, HDFC Bank will be 100 percent owned by public shareholders, and existing shareholders of HDFC will hold 41 percent of the bank.
In another filing, Yes Bank It said credit growth during the quarter jumped 11.6 per cent to Rs 1,92,809 crore from Rs 1,72,839 crore in September 2021.
At the same time, the bank’s deposits stood at Rs 2,00,020 crore as on September 30, 2022, an increase of about 13.2 per cent from Rs 1,76,672 crore as of September 30, 2021.