Exhibit 99
October 04, 2024
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 advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were ₹ 26,335 billion as of September 30, 2024, a growth of around 8.0% over ₹ 24,374 billion as of September 30, 2023, and a growth of around 2.3% over ₹ 25,750 billion as of June 30, 2024. During the quarter, retail loans grew by around ₹ 338 billion; commercial & rural banking loans grew by around ₹ 380 billion; and corporate & other wholesale loans were lower by ₹ 133 billion over June 30, 2024. |
The Bank’s gross advances aggregated to approximately ₹ 25,190 billion as of September 30, 2024, a growth of around 7.0% over ₹ 23,546 billion as of September 30, 2023.
During the quarter ended September 30, 2024, the Bank securitised / assigned loans of ₹ 192 billion (year to date ₹ 246 billion) as a strategic initiative.
| 2) | The Bank’s deposits were ₹ 25,000 billion as of September 30, 2024, a growth of around 15.1% over ₹ 21,729 billion as of September 30, 2023, and a growth of around 5.1% over ₹ 23,791 billion as of June 30, 2024. |
The Bank’s CASA deposits were ₹ 8,835 billion as of September 30, 2024, a growth of around 8.0% over ₹ 8,177 billion as of September 30, 2023, and a growth of around 2.3% over ₹ 8,636 billion as of June 30, 2024.
The Bank’s time deposits were ₹ 16,165 billion as of September 30, 2024, a growth of around 19.3% over ₹ 13,552 billion as of September 30, 2023, and a growth of around 6.7% over ₹ 15,155 billion as of June 30, 2024, reflecting customer preference for time deposits in this stage of the rate cycle.
| 3) | The Bank’s advances under management, on an average basis, were ₹ 25,630 billion for the September 2024 quarter, a growth of around 10.2% over ₹ 23,266 billion for the September 2023 quarter, and a growth of around 1.2% over ₹ 25,327 billion for the June 2024 quarter. |
The Bank’s average deposits were ₹ 23,532 billion for the September 2024 quarter, a growth of around 15.4% over ₹ 20,385 billion for the September 2023 quarter, and around 3.1% over ₹ 22,831 billion for the June 2024 quarter.
The Bank’s average CASA deposits were ₹ 8,082 billion for the September 2024 quarter, a growth of around 7.3% over ₹ 7,535 billion for the September 2023 quarter, and lower by around 0.3% compared to ₹ 8,106 billion for the June 2024 quarter.
| 4) | Liquidity coverage ratio (average) was around 127% for the quarter. |
| 5) | Key business volumes are as under: |
Key figures (₹ billion) | 30-Sep-23 | 30-Jun-24 | 30-Sep-24 | QoQ | YoY | |||||||||||||||
Advances under management* | ||||||||||||||||||||
Period end | 24,374 | 25,750 | 26,335 | 2.3 | % | 8.0 | % | |||||||||||||
Average | 23,266 | 25,327 | 25,630 | 1.2 | % | 10.2 | % | |||||||||||||
Gross advances | 23,546 | 24,869 | 25,190 | 1.3 | % | 7.0 | % | |||||||||||||
Deposits - period end | 21,729 | 23,791 | 25,000 | 5.1 | % | 15.1 | % | |||||||||||||
CASA deposits | 8,177 | 8,636 | 8,835 | 2.3 | % | 8.0 | % | |||||||||||||
Time deposits | 13,552 | 15,155 | 16,165 | 6.7 | % | 19.3 | % | |||||||||||||
Deposits - average | 20,385 | 22,831 | 23,532 | 3.1 | % | 15.4 | % | |||||||||||||
CASA deposits | 7,535 | 8,106 | 8,082 | (0.3 | %) | 7.3 | % | |||||||||||||
Time deposits | 12,850 | 14,725 | 15,450 | 4.9 | % | 20.2 | % | |||||||||||||
| * | gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment |
The results of the Bank as of September 30, 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
