MUMBAI: India’s HDFC Bank, the country’s biggest private lender, says its quarter-on-quarter deposit growth outpaced loan growth in the three months to Dec 31.

HDFC Bank's deposit base exceeded its advances for the first time following the merger with its parent housing finance company in July 2023. Deposits

India's HDFC Bank saw quarter-on-quarter deposit growth outpace loan growth in the three months to December 31, the country's biggest private lender said on Saturday. Deposits rose 4.2% to 24.53 trillion Indian rupees ($286.

HDFC Bank's deposits grew by 4.2% while loans rose by 0.9% for the quarter ending December 31. The bank is focusing on improving its loan-to-deposit ratio after its merger, engaging in loan securitization and acquiring stakes in other banks as part of its strategy.

HDFC Bank's Q3FY25 gross advances stood at ₹2,54,250 crore, marking a 0.9% sequential growth (QoQ) and a 3% year-on-year (YoY) increase.

The country's biggest private sector lender, HDFC Bank, on Saturday said it has registered a marginal 3 per cent increase in loan growth at Rs 25.42 lakh crore in the December quarter.