Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ

According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%

Loans continued to grow at a healthy pace for private sector banks in the July-September quarter of the current financial year while deposit growth also picked up pace, business figures released by a few lenders showed.

HDFC Bank, the largest private sector lending of the country, reported a year-on-year growth of 23.5 per cent in advances to Rs 14.8 trillion as of September 30. On a sequential basis, advances were up 6.1 per cent.

The growth in loans was driven by 31.5 YoY (9.5 per cent QoQ) growth in commercial and rural banking segments, followed by 27 per cenr YoY