HDFC Bank has bucked what was emerging as a trend of private sector lenders facing a fall in deposit base during the March quarter.
The largest private sector lender has reported an aggregate deposits during the January-March period to ₹11.46 lakh crore, which was 24 per cent higher as compared to March 31 last year.
HDFC Bank said its advances have risen by around 21 per cent to ₹9.93 lakh crore as of March 31 and have grown by over 6 per cent for the March quarter as compared to December-end.
It purchased ₹5,479 crore of loans from parent mortgage lender HDFC during the quarter, the bank said in an intimation to stock exchanges late on Friday.