HDFC Bank's advances grow 14% YoY in Q4; sequentially up 4.6%

India's largest private sector lender said in a regulatory filing its domestic retail loans in Q4FY21 grew by 7.5% YoY

HDFC Bank, the country’s largest private-sector lender, posted 13.9 per cent growth in advances in FY21, down from a 21.27 per cent increase in FY20.
 
Sequentially, advances of HDFC Bank were up 4.6 per cent in the quarter ended March 2021. This is, perhaps, the lowest growth in 17 quarters seen by the bank in terms of advances on a year-on-year (YoY) basis, according to the Capitaline database.
 
Three other private-sector lenders — IndusInd Bank, YES Bank, and Federal Bank —reported credit growth ranging between 0.8 and 9 per cent on a YoY basis in FY21.
 
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