HDFC Bank Result: A good news has come for the customers of HDFC Bank. Along with this, there can also be a wave of happiness among the shareholders of HDFC Bank due to this news.
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HDFC Bank Share Price: HDFC Bank is also included in the private sector banks. At the same time, good news has come out for the people directly and indirectly associated with HDFC Bank. Actually, the bank has registered a bumper profit in the first quarter of this financial year. Along with this, a jump of more than 20 percent has been registered in the profit of the bank. This has brought a positive sign for the customers of HDFC Bank as well as the shareholders of the bank.
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so much profit
HDFC Bank said that its net profit increased 20.91 percent to Rs 9,579.11 crore in the June quarter. The net profit of this largest private sector lender rose to Rs 9,195.99 crore on a standalone basis from Rs 7,729.64 crore in the year-ago period in the period under review. However, this figure is lower than the March quarter net profit of Rs 10,055.18 crore.
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These figures are also
The total income of the bank on a standalone basis stood at Rs 41,560 crore as compared to Rs 36,771 crore in the same period a year ago. Other income grew 35 per cent to Rs 7,699.99 crore in the June quarter. The bank told the stock exchange that its total expenditure increased from Rs 21,634 crore to Rs 26,192 crore during this period. HDFC Bank’s main net interest income jumped 14.5 per cent to Rs 19,481.4 crore on account of 22.5 per cent growth in advances from Rs 17,009 crore in the year-ago quarter.
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Know about, increase in deposits
The main net interest margin (NIM) stood at 4 per cent. The bank said the total provisioning amount for the quarter under review has come down to Rs 3,187.73 crore from Rs 4,830.84 crore in the year-ago period. HDFC Bank reported that there was an increase of 19.2 percent in deposits. In terms of asset quality, gross non-performing assets (NPAs) declined to 1.28 per cent as of June 30, from 1.47 per cent a year ago
