HDFC Bank’s Q1 business update shows double-digit growth in both deposits and advances. The bank reports total deposits of Rs 31.70 lakh crore as of June-end, up 14.6% year-on-year. The deposit growth is driven by higher time deposits, which rise 17.4% from a year earlier to Rs 21.45 lakh crore. Across the update, the bank’s figures indicate continued momentum in customer funds, particularly in term deposits. While the provided outlet summary focuses on deposit performance, the headline of the update also refers to advances growing at a double-digit pace, though specific advance figures are not included in the supplied excerpt. The bank’s reported numbers cover the quarter ending June and are presented on a year-on-year basis, highlighting the change compared with the same period in the previous year. Overall, the update underscores stronger growth in deposits—especially time deposits—during the quarter.