Deposits: Four large midsize banks report 10.5-26% yoy rise in third quarter

Four large and mid-sized banks – HDFC Bank, YES Bank, IDFC First Bank and Bank of Maharashtra – on Tuesday announced a 10.5% to 26% year-over-year (year-on-year) increase in their deposit base for the quarter ended. in December. Excluding YES Bank, all three lenders also saw double-digit growth in their year-on-year advances, based on provisional data.

HDFC Bank deposits increased 13.8% on an annual basis to reach Rs 14.46 lakh crore at the end of December. On a sequential basis, deposits increased 2.8%. Retail deposits increased by almost 17% from last year, while wholesale deposits increased by around 1%. Lender’s low-cost current account and savings account (CASA) deposits amounted to Rs 6.81 lakh crore as of December 31, 2021, up 24.6% year-on-year . As a percentage, the bank’s CASA ratio stood at around 47% as of December 31.

The lender’s total loans rose 16.4% on an annual basis to Rs 12.60 lakh crore during the quarter ended in December, above the industry trend of 7.1%. According to the bank’s internal classification of activities, retail lending increased by about 13.5% on an annual basis, commercial and rural bank lending increased by about 29.5%, and loans to businesses and others wholesale loans increased by about 7.5%. “During the quarter ended December 31, 2021, the Bank purchased loans totaling 74.68 billion rupees (7,468 crore rupees) through the direct assignment route under the mortgage loan agreement with Housing Development Finance Corporation Limited, ”the bank said.

On the other hand, YES Bank’s net advances increased 3.9% year on year and 2.1% sequentially to Rs 1.76 lakh crore at the end of December. The lender’s retail disbursements for the reporting quarter amounted to Rs 9,233 crore. Growth in deposits outpaced growth in credit as the bank reported a 26% year-on-year increase in its total deposit base to Rs 1.84 lakh crore. Of these, CASA deposits stood at Rs 55,997 crore at the end of December. As of December 31, the bank’s credit-to-deposit ratio stood at 95.7%, while the short-term liquidity ratio (LCR) stood at 127%.

In addition, IDFC First Bank reported that its customers’ total deposits increased 10.5% year on year to Rs 85,387 crore at the end of December. The bank’s CASA ratio stands at 51.85% and the average LCR at 150.7%. At the end of December, the lender’s gross financed assets stood at Rs 1.22 lakh crore, up 10.7% year on year. Personal loans, including mortgages, accounted for 51.1% of the lender’s loan portfolio, while loans to businesses and others represented 23.7%. “As of December 31, 2021, the Bank will disaggregate businesses into retail loans, commercial loans, rural loans, infrastructure loans and business loans for better visibility of the underlying portfolio and report the same,” said the lender.

Finally, the Bank of Maharashtra reported a 23% year-over-year increase in its total advances to Rs 1.29 lakh crore at the end of December. The lender’s deposit book stood at Rs 1.86 lakh crore, up 15.21% year on year, with a CASA ratio of 55.1%.