Shares Of HDFC Bank Gained 2.5 Percent Intraday Today Following Strong Loan

Shares of HDFC Bank gained 2.5 percent intraday today following strong loan and deposits growth in quarter ended December 2019.

The country's second largest private sector lender in its BSE filing on January 6 said it registered around 20 percent growth in advances during the quarter YoY.

Advances aggregated to approximately Rs 9.3 lakh crore as of December 2019, against Rs 7.81 lakh crore as of December 2018.

"The bank's deposits aggregated to approximately Rs 10.67 lakh crore as of December 2019, a growth of around 25 percent as compared to Rs 8.52 lakh crore in same quarter last year, it said.

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