HDFC Bank's Deposits Exceed Advances for the First Time Post-Merger
HDFC Bank achieves a major milestone post-merger with HDFC as its deposits surpass advances, showcasing strong liquidity, customer outreach, and effective credit management strategies in December 2024.
HDFC Bank's Deposits Surpass Advances for the First Time Post-Merger
News Desk: HDFC Bank has achieved a remarkable milestone by reporting that its deposits have exceeded its advances for the first time since merging with Housing Development Finance Corporation (HDFC). As of December 2024, the bank’s total deposits reached ₹22.15 lakh crore, surpassing its advances, which stood at ₹21.25 lakh crore. with meta title,meta description,and keywords
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The merger, finalized earlier this year, positioned HDFC Bank as one of the largest private sector lenders in India. This shift reflects the bank's strong liquidity, its capability to attract deposits, and effective credit management strategies.
Bank officials credited this success to targeted efforts in broadening customer outreach, utilizing digital tools, and increasing its footprint across new regions. Financial experts believe this surplus in deposits equips HDFC Bank with greater flexibility to support future credit needs and adhere to regulatory mandates.
This accomplishment highlights HDFC Bank’s strong post-merger performance, solidifying its role as a key player in India’s banking industry.
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