Indian lender HDFC Bank's gross advances and deposits both rose in the second quarter, it said on Friday. The country's biggest private bank said gross advances, or loans sanctioned and disbursed, rose 1.

MUMBAI: HDFC Bank's advances grew 8% year-on-year, resulting in a loan book of nearly Rs 19.2 lakh crore at the end of the July-Sept quarter. During the same period, deposits rose 15% to about Rs 19.8 lakh crore.

Update: HDFC Bank’s deposits grew 15.1% to ₹25.00 lakh crore in Q2FY25 from ₹21.73 lakh crore crore in Q2FY24. Deposit growth was around 5.1% from ₹23.79 lakh crore as of June 30, 2024.

India's biggest private lender HDFC Bank on Friday said that the sequential rise in deposits outpaced loan growth in the fiscal second quarter.

HDFC Bank’s deposit growth for the second quarter of the financial year (Q2 FY25) has outpaced its credit growth on a sequential basis.

HDFC Bank's total advances under management, which include loans securitised or sold, stood at ₹26.34 lakh crore by the end of September 2024.

The bank’s time deposits were Rs 16.17 lakh crore as of September 30, as compared to Rs 15.16 lakh crore as on June 30, and Rs 13.55 lakh crore in September 30, 2023. The time deposit of the bank registered a growth of around 19.3 percent on a yearly basis and 6.7 percent on a quarterly basis.

IDFC First Bank on Friday (October 4), announced its provisional Business Update for quarter ending on September 30, 2024 and proforma shareholding on conclusion of merger, the company said through an exchange filing.