EX-99 2 d909402dex99.htm EX-99 EX-99

Exhibit 99

January 04, 2025

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir/ Madam,

Sub: Disclosure

We would like to intimate the following:

 

1)

The Bank’s average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were  26,276 billion for the December 2024 quarter, a growth of around 7.6% over  24,414 billion for the December 2023 quarter, and a growth of around 2.5% over  25,639 billion for the September 2024 quarter.

The Bank’s period end advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were  26,840 billion as of December 31, 2024, a growth of around 6.1% over  25,287 billion as of December 31, 2023, and a growth of around 1.9% over  26,334 billion as of September 30, 2024. On a year-on-year basis, retail loans grew by around 10.0%; commercial & rural banking loans grew by around 11.5%; and corporate & other wholesale loans were lower by around 10.3% over December 31, 2023.

The Bank’s period end gross advances aggregated to approximately  25,425 billion as of December 31, 2024, a growth of around 3.0% over  24,693 billion as of December 31, 2023.

During the quarter ended December 31, 2024, the Bank securitised / assigned loans of  216 billion (year to date  463 billion) as a strategic initiative.

 

2)

The Bank’s average deposits were  24,527 billion for the December 2024 quarter, a growth of around 15.9% over  21,171 billion for the December 2023 quarter, and around 4.2% over  23,540 billion for the September 2024 quarter.

The Bank’s average CASA deposits were  8,176 billion for the December 2024 quarter, a growth of around 6.0% over  7,711 billion for the December 2023 quarter, and around 1.1% compared to  8,084 billion for the September 2024 quarter.

The Bank’s average time deposits were  16,351 billion for the December 2024 quarter, a growth of around 21.5% over  13,460 billion for the December 2023 quarter, and a growth of around 5.8% over  15,456 billion for the September 2024 quarter, reflecting customer preference for time deposits.

The Bank’s period end deposits were  25,635 billion as of December 31, 2024, a growth of around 15.8% over  22,140 billion as of December 31, 2023, and a growth of around 2.5% over  25,001 billion as of September 30, 2024.

The Bank’s period end CASA deposits were  8,725 billion as of December 31, 2024, a growth of around 4.4% over  8,356 billion as of December 31, 2023, and were lower by around 1.2% over  8,836 billion as of September 30, 2024.


The Bank’s period end time deposits were  16,910 billion as of December 31, 2024, a growth of around 22.7% over  13,783 billion as of December 31, 2023, and a growth of around 4.6% over  16,165 billion as of September 30, 2024.

 

3)

Key business volumes are as under:

 

 

Key figures ( billion)

 

  

 

31-Dec-23

 

    

 

30-Sep-24

 

    

 

31-Dec-24

 

    

 

QoQ

 

   

 

YoY

 

 
                                             

Advances under management*

                                           

Average

     24,414        25,639        26,276        2.5     7.6

Period end

     25,287        26,334        26,840        1.9     6.1
                                             

Gross advances – Period end

     24,693        25,190        25,425        0.9     3.0
                 

Deposits – Average

     21,171        23,540        24,527        4.2     15.9

CASA deposits

     7,711        8,084        8,176        1.1     6.0

Time deposits

     13,460        15,456        16,351        5.8     21.5
                                             

Deposits – Period end

     22,140        25,001        25,635        2.5     15.8

CASA deposits

     8,356        8,836        8,725        (1.2 %)      4.4

Time deposits

     13,783        16,165        16,910        4.6     22.7

 

*

gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment

The results of the Bank as of December 31, 2024, will be subject to a limited review by the statutory auditors of the Bank.

We request you to bring the above to the notice of all concerned.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary and Head – Group Oversight