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