( Read 12376 Times)

The Board of Directors of HDFC Bank Limited approved the Bank's (Indian GAAP) results for the quarter and nine months ended December 31, 2016 at their meeting held in Mumbai on Tuesday, January 24, 2017. The accounts have been subjected to a 'Limited Review' by the statutory auditors of the Bank.
Total balance sheet size as of December 31, 2016 was ` 828,020 crore as against ` 699,797 crore as of December 31, 2015. Total deposits as of December 31, 2016 were ` 634,705 crore, an increase of 21.1% over December 31, 2015. This was after considering maturities of about US$ 3 billion of Foreign Currency Non-Resident (FCNR) deposits raised (and swapped into rupees with RBI at a concessional rate) during the quarter ended December 31, 2013. CASA deposit growth saw a spurt largely attributable to the demonetisation exercise, with current account deposits growing by 36.7% over the previous year to reach ` 101,239 crore and savings account deposits growing by 37.8% over the previous year to reach ` 186,634 crore. Time deposits were at ` 346,832 crore, an increase of 10.3% over the previous year resulting in CASA proportion of 45% as on December 31, 2016.

More News for You !

Top Stories !