IDFC First Bank on Tuesday said it has posted 9.75 per cent growth in advances at Rs 1,17,243 crore for the second quarter ended September 30, 2021.
Gross Funded Assets stood at Rs 1,06,828 crore at the end of the second quarter of 2020-21, it said in a regulatory filing.
The bank's deposits also rose 20.8 per cent year-on-year to Rs 83,793 crore in the quarter under review from Rs 69,368 crore in the same period a year ago, it said.
The bank's low-cost deposits -- current account and saving deposits (CASA) -- stood at 51.9 per cent of the total liabilities during the quarter.
India's largest private lender HDFC Bank while announcing its Q2 update said that the bank's advances aggregated to approximately ₹11,985 billion as of September 30, 2021, a growth of around 15.4% year-on-year from ₹10,383 billion in the same quarter last year and a growth of around 4.4% over ₹11,477 billion in the quarter.
As per the bank's internal business classification, retail loans grew by around 13% on a yearly basis and around 5.5% on a sequential basis. Its commercial & rural banking loans grew by around 27.5% over September 30, 2020 and around 7.5% over June 30, 2021 and other wholesale loans grew by around 6% YoY and were lower by around 0.5% QoQ.
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