HDFC Bank’s gross advances surged to approximately ₹24.69 lakh crore in third quarter of FY24, marking 62.4% increase from ₹15.21 lakh crore in the previous year. After accounting for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 60.7% and 3.8% year-on-year (YoY) and quarter-on-quarter (QoQ), respectively, the lender said in a regulatory filing.
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