HDFC Bank's Strategic Loan Growth and Liquidity Management

HDFC Bank reported a 7% increase in loans to Rs 25.19 lakh crore in Q2 2024. This growth strategy included securitising Rs 19,200 crore in loans, with a focus on maintaining liquidity and meeting risk-adjusted profitability thresholds. UCO Bank also saw an increase in its loan and deposit growth.

HDFC Bank, a major player in the private sector, announced on Friday a 7% rise in its loan portfolio, reaching Rs 25.19 lakh crore for the second quarter of the current fiscal year.

The bank's credit book grew from Rs 23.54 lakh crore as of September 30, 2023. During this period, HDFC Bank securitised or assigned Rs 19,200 crore in loans as part of its strategic initiatives, according to a regulatory filing.

Meanwhile, UCO Bank, a state-owned lender, reported a significant 18.56% rise in its loan growth, totaling Rs 1.98 lakh crore, alongside a 10.84% growth in deposits, reaching Rs 2.99 lakh crore.

(With inputs from agencies.)