HDFC Bank Q1 Update: Loans Grow Nearly 7%, Deposits Up Over 16%

1) HDFC Bank Ltd.'s first quarter loan book or gross advances rose nearly 7%, even as deposits jumped over 16%. 2) Gross advances as of June 30 increased 6.7% year-on-year to Rs 26,530 crore. Average deposits rose 16.4% at Rs 26,580 crore. 3) Current account savings account or CASA jumped 8.5% to Rs 9,370 crore. 4) Numbers are good. -

5) Stock is expected to do well in coming days 6) All this is just for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24