private lender HDFC Bank and Yes Bank Shared their respective business updates for the third quarter (Q3) of the current financial year. HDFC Bank saw credit growth of over 16% for the quarter under review, while Yes Bank’s loan growth registered 3.9% year-on-year (YoY).
HDFC Bank Q3 Update
Bank advance approx 12,600 billion as of December 31, 2021, an increase of about 16.4% 10,823 billion as on December 31, 2020 and an increase of about 5% on a sequential basis.
Meanwhile, HDFC Bank’s deposits are approx. 14,460 billion, an increase of over 13.8% 12,711 billion and quarter-on-quarter (QoQ) 2.8% from the year-ago quarter.
Yes Bank Q3 Update
Yes Bank saw credit growth of 2.1% on a sequential basis and 3.9% on an annual basis. Meanwhile, its deposits were up 4.3% QoQ and 26% YoY in Q3.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,