E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Natasha Poonawalla In Sabyasachi Mukherjee’s Unique Gilded Saree Steals The Show

August 15, 2022

This is PM Narendra Modi’s New Car: Rs 12.5 crores – Know all about hi-tech, super-safe guard – It’s fort!

August 15, 2022

Bollywood Films Based On Real Life Heroes To Binge-Watch On August 15

August 15, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»HDFC Bank Q1FY23 Results: Private lender’s consolidated profit surges 21% to Rs 9,579 cr, asset quality improves
Business

HDFC Bank Q1FY23 Results: Private lender’s consolidated profit surges 21% to Rs 9,579 cr, asset quality improves

Paul EasterBy Paul EasterJuly 16, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


India’s largest private lender HDFC Bank on Saturday reported an almost 21 per cent jump in its consolidated net profit at Rs 9,579.11 crore in the first quarter of the financial year 2022-23  (Q1FY23) as compared to Rs 7,922.09 crore in the same period a year-ago.

On a standalone basis, the bank’s net profit increased to Rs 9,195.99 crore in June-end quarter of FY23 as against Rs 7,729.64 crore in the year-ago period.

On the contrary, the bank’s both consolidated and standalone profit dipped sequentially, as in March-end quarter it had reported, Rs 10,443 crore and Rs 10,055.18 crore.

HDFC Bank’s net interest income (NII) for June-end quarter grew by 14.5 per cent to Rs 19,481.4 crore from Rs 17,009.0 crore in year-ago quarter, driven by advances growth of 22.5 per cent, deposits growth of 19.2 per cent and total balance sheet growth of 20.3 per cent, it said in filing.

The core net interest margin was at 4 per cent on total assets, and 4.2 per cent based on interest earning assets, the bank further said adding that it continued to add new liability relationships at a robust pace of 2.6 million during the quarter.

Gross non-performing assets (GNPA) were at 1.28 per cent of gross advances as on June 30, 2022, as against 1.47% as on June 30, 2021, while Net non performing assets (NNPA) were at 0.35 per cent of net advances as on June 30, 2022, HDFC Bank said in filing.

The bank held floating provisions of 1,451 crore and contingent provisions of 9,630 crore as on June 30, 2022, and total provisions (comprising specific, floating, contingent and general provisions) were 170% of the gross non-performing loans as on June 30, 2022, the regulatory filing also said.





Source link

Paul Easter

Related Posts

This is PM Narendra Modi’s New Car: Rs 12.5 crores – Know all about hi-tech, super-safe guard – It’s fort!

By Paul EasterAugust 15, 2022

Google Doodle celebrates India’s Independence Day 2022 with special flying kite GIF

By Paul EasterAugust 15, 2022

Delhi Traffic Police Advisory for Independence Day: 15 August – Roads to avoid today, timing of closure – full details here

By Paul EasterAugust 15, 2022

Delhi weather forecast: Cloudy sky, light rains likely on Independence Day 2022

By Paul EasterAugust 15, 2022
Add A Comment

Comments are closed.

Our Picks

Natasha Poonawalla In Sabyasachi Mukherjee’s Unique Gilded Saree Steals The Show

By Paul EasterAugust 15, 2022

This is PM Narendra Modi’s New Car: Rs 12.5 crores – Know all about hi-tech, super-safe guard – It’s fort!

By Paul EasterAugust 15, 2022

Bollywood Films Based On Real Life Heroes To Binge-Watch On August 15

By Paul EasterAugust 15, 2022
Recent Posts
  • Natasha Poonawalla In Sabyasachi Mukherjee’s Unique Gilded Saree Steals The Show August 15, 2022
  • This is PM Narendra Modi’s New Car: Rs 12.5 crores – Know all about hi-tech, super-safe guard – It’s fort! August 15, 2022
  • Bollywood Films Based On Real Life Heroes To Binge-Watch On August 15 August 15, 2022
  • Google Doodle celebrates India’s Independence Day 2022 with special flying kite GIF August 15, 2022
  • Ratan Raajputh Recalls Dreadful Incident From Her Theatre Days, Reveals Being Dragged By A Boy Into Jungle August 15, 2022
  • Delhi Traffic Police Advisory for Independence Day: 15 August – Roads to avoid today, timing of closure – full details here August 15, 2022
  • Fahadh Faasil In Talks For Thalapathy Vijay-Lokesh Kanagaraj’s Next? August 15, 2022
Archives
  • August 2022
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.