HDFC Bank records 55.4% YoY growth in gross advances in Q4FY24
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
It was a wild, volatile and eventful week which got extended into Saturday as well. Expiry happened on February 29, which was a leap day and till that event was over, markets were trading in negative territory for the week.
Post this report, the shares of HDFC Bank gained nearly 1 per cent to Rs 1,424 per share on Friday.
Parivartan runs several social interventions across the state through its five pillars: Rural Development, Promotion of Education, Skill Training & Livelihood Enhancement, Healthcare & Hygiene, and Financial Literacy & Inclusion.
The country’s leading bank ranked 2nd in Advances and tops in MSME Advances.
The scheme comes with a 2 per cent interest subvention and is a five-year tenor of which the first year gets a payment moratorium.
The bank has been penalised for two major outages, one in November 2018 and the other in December 2019.
Of the 30 components of Sensex, three closed in the red including Tech Mahindra, ITC and M&M, shedding up to 0.54 per cent.
Bank’s deposits also witnessed a 19.1 per cent rise while the share of low-cost current and savings account deposits stood at 43 per cent.
The peer-to-peer (P2P) payment feature is available now in 10 Indian regional language versions of WhatsApp.
