HDFC Bank announced steady performance in its fourth quarter, with deposits increasing 15% year-over-year and advances rising 12%. Average deposits reached Rs 28.51 lakh crore, while period-end deposits stood at Rs 31.06 lakh crore. The update comes amid recent headlines over the abrupt departure of director Atanu Chakraborty.
HDFC Bank released its Q4 business update, highlighting continued expansion in core metrics. Deposits grew by 15% compared to the previous year, reflecting strong customer inflows. Advances expanded by 12% year-over-year, underscoring sustained lending activity in India's private banking sector. The lender's average deposits for the quarter hit Rs 28.51 lakh crore, with period-end figures climbing to Rs 31.06 lakh crore. These numbers indicate steady momentum despite market challenges. Recently, HDFC Bank drew attention for the sudden exit of its director, Atanu Chakraborty. The resignation had placed the bank in the spotlight, though the business update focuses on operational strengths. Officials have not detailed the reasons behind Chakraborty's departure. This performance aligns with broader trends in India's banking sector, where private banks continue to prioritize deposit mobilization and loan growth.