Shares of HDFC Bank rose 3 per cent to Rs 1,110 on the BSE on Monday after the bank reported strong loan growth of 21 per cent year on year (y-o-y) at Rs 1.04 trillion for the first quarter of financial year 2020-21 (Q1FY21).
The Bank’s advances aggregated to approximately Rs 1.04 trillion as of June 30, 2020, a growth of around 21 per cent as compared to Rs 8,297 crore as of June 30, 2019 (Rs 9,937 crore as of March 31, 2020), HDFC Bank said in an exchange filing.