Private banks’ deposits surge, but loans slow, BFSI News, ET BFSI
[ad_1]
Read More/Less
Except for HDFC Bank, which registered a strong 14.4 per cent growth in its advances to over Rs 11.47 lakh crore as of June 30 this year, most banks bucked the trend as people preferred to park money in banks and shunned loans.
IndusInd Bank
IndusInd Bank witnessed a 7 per cent growth in its net advances to more than Rs 2.11 lakh crore at the end of June this year, according to a regulatory filing.
The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020.
On a quarter-on-quarter basis, the net advances were down 1 per cent from Rs 2.13 lakh crore recorded at the end of March 2021, the bank said in the regulatory filing on Monday.
Deposits registered a jump of 26 per cent to Rs 2.68 lakh crore at the end of the June quarter this fiscal. In the year-ago period, the same stood at Rs 2.12 lakh crore.
Out of the total amount, retail deposits and deposits from small business customers amounted to Rs 1.06 lakh crore in the latest June quarter compared to Rs 95,811 crore in the year-ago period.
Bank’s CASA (Current Account Savings Account) ratio stood at 42.1 per cent as of June 2021, up from 40.1 per cent in the same period a year ago.
Yes Bank’s loans and advances fell by a marginal 0.4 per cent to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday.
The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4 per cent on a year-on-year basis, Yes Bank said in a regulatory filing.
However, the bank said that the figures by June end of this year are provisional and subject to the approval of the audit committee, board of directors, and statutory auditors.
Compared sequentially, it was down by 1.8 per cent from Rs 1,66,893 crore by March 31, 2021.
The gross retail disbursements during the June-ended quarter stood at Rs 5,099 crore as against Rs 424 crore during the previous year and Rs 7,828 crore in the March quarter.
Bank’s liquidity coverage ratio by June 2021-22 stood at 118.4 per cent, higher than 114.1 per cent from a year ago.
The deposits jumped by 39.1 per cent to Rs 1,63,295 crore by the end of June from Rs 1,17,360 crore in the year-ago period. It rose by a marginal 0.2 per cent from Rs 162,947 crore worth of deposits as of March 2021.
Federal Bank Ltd reported a 9% on-year rise in total deposits, and a 19% increase in current account and savings account as of Jun 30. Total deposits stood at Rs 1.69 lakh crore, while current account and savings account stood at Rs 58,959 crore. Gross Advances rose 8% on the year and fell 2% sequentially to Rs 1.3 lakh crore. CASA ratio rose to 34.81% from 32.02% a year ago and 33.81% a quarter ago.
HDFC Bank
Except for HDFC Bank, which registered a strong 14.4 per cent growth in its advances to over Rs 11.47 lakh crore as of June 30 this year, most banks bucked the trend.
HDFC Bank’s advances aggregated to approximately Rs 11.4 lakh crore as of June 30, 2021, a growth of around 14.4 per cent over Rs 10 lakh crore as of June 30, 2020, and a growth of around 1.3 per cent over Rs 11.3 lakh crore as of March 31, 2021,” HDFC Bank said in a regulatory filing.
The private sector lender said its domestic retail loans by the end of the first quarter of the current fiscal moved up by 10.5 per cent year-on-year, while the domestic wholesale loans grew by around 17 per cent.
Among loan categories, retail loans grew by around 9 per cent over June 30, 2020, and were lower by around 1 per cent as compared to March 31, 2021.
Commercial and rural banking loans grew by around 25 per cent over June 30, 2020, and around 4 per cent over March this year. Other wholesale loans grew by around 10.5 per cent over June last year and around 1.5 per cent over March 2021.
Retail disbursements during Q1 FY22 stood at about Rs 43,600 crore, 202 per cent up from the year-ago period. However, it was down by 30 per cent from Rs 62,500 crore during the quarter ended March 2021.
[ad_2]