HDFC Bank Q3 net rises 20.10% to Rs 4,642.6 crore
The private sector bank had posted a net profit of Rs 3,865.33 crore in the October-December quarter of last fiscal.
Private lender HDFC Bank today reported a 20.1 per cent growth in net profit to Rs 4,642.6 crore for the third quarter of the current fiscal.
The private sector bank had posted a net profit of Rs 3,865.33 crore in the October-December quarter of last fiscal.
Total income rose to Rs 24,450.44 crore during the December quarter, up 17.84 per cent from Rs 20,748.27 crore in the year-ago period.
Net interest income grew by 24.1 per cent to Rs 10,314.3 crore during the quarter under review from Rs 8,309.1 crore reported in the corresponding quarter a year ago. HDFC Bank's net interest margin stood at 4.3 per cent for the quarter.
The net non-performing assets (NPAs) as a percentage of total loans rose marginally to 0.44 per cent at the end of December, from 0.32 per cent in same period last year.
HDFC Bank's provisions (other than tax) and contingencies increased to Rs 1,351.44 crore as against Rs 715.78 crore reported in the corresponding period a year ago.
Shares of HDFC Bank were trading at Rs 1,944.30, up 0.65 per cent, on the BSE.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
12:50 PM IST