HDFC Bank Q3 business update: Total deposits grow 15.8% YoY to Rs 25,635,000 crore
On a quarter-on-quarter (QoQ) basis, deposits grew by 2.5% from ₹25,001 billion as of September 30, 2024.
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On a quarter-on-quarter (QoQ) basis, deposits grew by 2.5% from ₹25,001 billion as of September 30, 2024.
All acquisitions were executed through the stock exchanges as part of BHIL’s normal investment operations. These acquisitions were made without any regulatory or governmental approvals, as the shares were acquired in the ordinary course of BHIL’s business.
The company stated in a release that during the month of June, more than 50.3 lakh systematic transactions worth Rs 1890 crore were processed. As of June, there were 1.22 crore active accounts. Permanent Account Number (PAN)-based unique clients total 71 lakh, representing 18% of the industry's 3.83 crore total customers.
With the merger taking effect on July 1, the new HDFC Bank business would have over 120 million clients.
With the merger, HDFC will join the ranks of the world's most valuable banks.
Delisting of country's largest mortgage lender HDFC shares is likely to pave the way for LTIMindtree to enter the benchmark Nifty50 index.
The outstanding warrants issued by HDFC Ltd will be listed and traded on HDFC Bank's behalf after the merger with the bank.
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