HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end

India’s HDFC Financial institution on Wednesday stated its merged mortgage e book with Housing Growth Finance Company stood at about 22.45 trillion rupees ($273.77 billion) as on the finish of the June quarter.

HDFC Financial institution merged with HDFC on July 1 in a $40 billion merger, the biggest in India’s company historical past, getting into the coveted listing of the world’s prime 10 banks by market capitalisation.

HDFC Financial institution stated its mortgage e book rose 13.1% within the June quarter from a yr in the past on a proforma foundation, although some numbers is probably not straight comparable with these of the earlier yr.

The merged entity’s deposits aggregated to about 20.64 trillion rupees as of June finish, up 16.2% from a yr in the past.

The mixed entity’s liquidity protection ratio, a measure of how a lot cash-like property the financial institution has, was round 120% on a proforma foundation for the quarter ended June 30, HDFC Financial institution stated in an trade submitting.

The financial institution’s standalone gross advances rose about 15.8% to 16.16 trillion rupees as of June finish, whereas deposits rose 19.2% to 19.13 trillion rupees.