HDFC Bank gets record ₹1.66L cr deposits in Q4

HDFC Bank, India's largest bank, witnessed a notable Rs 1.66 lakh crore increase in deposits in Q1 2024 after the HDFC merger. Retail customers contributed 77% of the additional deposits. Gross advances rose by 1.6% to Rs 25 lakh crore, while deposits grew by 7.5% to Rs 23.8 lakh crore. Year-on-year growth rates stood at 55.4% for advances and 26.