HDFC Bank continues aggressive deposit accretion, adds Rs 1.2 lakh crore in September quarter

HDFC Bank, India’s largest private lender, added over Rs 1.2 lakh crore in deposits in the September quarter, growing its deposit base by 15.1% to Rs 25 lakh crore. CASA deposits grew by 8%, while time deposits increased by 19.3%. Total advances grew by 7%, driven by commercial and rural banking, despite a decline in corporate loans.