HDFC Bank's stock price increased by 3% today on the positive performance announcement. The share prices reached a high of Rs. 1529.
HDFC Bank has announced a growth in gross advances reaching Rs. 25.08 lakh crore at a YOY growth of 55.4% as of 31st March 2024. It was Rs. 16.14 lakh crore for the same period last year.
Additionally, its domestic retail loan witnessed a sharp YOY growth of 108.9%. On a quarter-on-quarter (QoQ) basis, it was 3.7%.
HDFC Bank’s loans for commercial and rural banking also increased by 4.2% QoQ and 24.6% YoY.
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