HDFC Bank Loan Growth Lags Deposits In June Quarter; Rises Just 6.7% On Year

HDFC Bank Ltd.'s loan growth continued to trail deposit growth in the June quarter, rising 6.7% on year to ₹26.53 trillion, according to provisional figures released Friday. Sequentially, loans rose just 0.4%.

Deposits, on the other hand, rose a stronger 16.2% on year to ₹27.64 trillion and were up 1.8% on quarter.

As part of its quarterly strategy, the bank said it securitised or assigned loans worth ₹33 billion during the three months ended June 30.