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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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2 min
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15 Oct
Published
Banking Sector
2 min read· The Hindu BusinessLine

$11.5 billion FCNR (B) deposit mop up: HDFC Bank’s deposits grow faster than advances in Q2FY27

As per provisional business figures, India’s largest private sector bank reported a 18.8% year-on-year (yoy) growth in deposits and 16.3% yoy growth in gross advances in the reporting quarter……

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As per provisional business figures, India’s largest private sector bank reported a 18.8 per cent year-on-year (yoy) growth in deposits and 16.3 per cent yoy growth in gross advances in the reporting quarter.

HDFC Bank said it mobilised foreign currency deposits aggregating to USD equivalent $11.5 billion (₹ 1,10,340 crore), with the overseas branches of the Bank extending loan facilities aggregating to $5.7 billion (₹54,770 billion) against these deposits.

In addition, standby letters of credit were issued to other banks in respect of loans against these deposits aggregate to $3.1 billion (₹ 29,340 crore).

During June–August 2026, the Bank issued in aggregate $2.5 billion (₹23,960 crore) of USD denominated senior unsecured bonds

The Bank’s deposirs and advances stood at ₹33,27,500 crore and ₹32,19,500 crore, respectively,as at September-end 2026.

Low-cost current account, savings account (CASA) deposits were approximately ₹10,52,000 crore as of September 30, 2026, a growth of around 10.8 per cent over ₹ 9,49,200 crore as of September 30, 2025. .

Time deposits were approximately ₹22,75,500 crore as of September 30, 2026, a growth of around 22.8 per cent over ₹18,52,600 crore as of September 30, 2025.

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Source: The Hindu BusinessLine