Deposits for HDFC Bank
stood at Rs 10.67 trillion as of December 31, 2019 growing by 25 per cent compared to Rs 8.52 trillion as of December 31, 2018. The bank’s current and saving account (CASA) ratio stood at around 39.5 per cent against 40.7 per cent in a year ago quarter.
In a statement to the exchanges, HDFC Bank
said, “during Q3FY20, the bank purchased loans aggregating Rs 4,258 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Limited.”
“HDFC Bank’s business growth momentum was strong in the December quarter, despite the slowing macro environment. Superior loan profile has enabled HDFC Bank to consistently gain market share across retail segments (personal loans, business banking, credit cards and auto loans), while strong capitalization and liquidity levels will help sustain this momentum over the next few years,” Motilal Oswal Securities said in bank update.
Stable margins, a robust fee income profile and strong control on operating leverage are likely to drive an improvement in the return ratios, it said.
In Q3FY20, HDFC Bank underperformed the benchmark index by climbing 2.46 per cent as compared to Sensex's 7.69 per cent gain during the same period.
At 9:57 AM, the stock was trading 2.07 per cent higher at Rs 1266.90 as compared to 1.26 per cent gain in the benchmark S&P BSE Sensex. A combined total of 3.05 million shares have changed hands on the NSE and the BSE so far.