HDFC and Yes Bank Quarter Three Updates Are Out From Private Banking Sectors.

HDFC and Yes Bank Updates: Private leaders in the Bank sector like HDFC and Yes Bank have finally shared their respective business updates for the quarter third of the current financial or fiscal year. According to the statistics, it is HDFC which has witnessed an overall growth of about and over 16 percent for the quarter whereas Yes Bank’s loan is recorded on 3.9 percent year on year growth.

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Yes Bank’s advances approximately were aggregated to about ₹ 12,600 billion as of the previous month that is, by December 31, 2021. The bank has aggregate to about ₹10,823 billion by December 31, 2020, which imparts to set the growth of over 16.4 percent and a growth recorded as 5 percent on a sequential basis. 

Meanwhile, HDFC’s deposits were aggregated from ₹12,711 Billion last year by December 31, 2020, to approximately ₹14,460 billion by December 31, 2021, which accounts for overall growth of around 13.8 percent and 2.8 percent on quarter on quarter basis.

HDFC and Yes Bank

For Yes Bank

Yes Bank witnessed a loan growth at 2.1 percent on a sequential basis and 3.9 percent on an annual basis at ₹176,422 crores (provisional) in the third quarter or Q3.

The CASA, also called current accounts savings accounts, rose 47,5 percent to ₹55,997 crores against ₹37,973 crore Year on a Year basis and up 7.6 Percent from ₹52,029 crores on a quarter on quarter basis. 

Meanwhile, its deposits were up 4.3percent on a quarter on Quarter basis & up 26 percent year on year basis in Quarter third at ₹184,289 crores.

For HDFC

CASA deposits rose to 24.6 percent yearly and 3.5 Percent on QoQ basis at ₹6,810 billion as of December 31, 2021. The bank’s CASA ratio stood at around 47 percent as of December 31, 2021, compared to 43% as of December 2020 and 46.8% as of September 30, 2021.

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