City
Epaper

HDFC Bank Q3 net profit rises by 18 per cent to Rs 10,342 crore

By ANI | Updated: January 15, 2022 15:15 IST

HDFC Bank said on Saturday its net profit for the third quarter of the current financial year rose to Rs 10,342.2 crore, posting an increase of 18.1 per cent over the corresponding quarter of last year.

Open in App

HDFC Bank said on Saturday its net profit for the third quarter of the current financial year rose to Rs 10,342.2 crore, posting an increase of 18.1 per cent over the corresponding quarter of last year.

Profit before tax for the quarter ended December 31, 2021 at Rs 13,782 crore grew by 17.1 per cent over corresponding quarter of the previous year. After providing Rs 3,439.8 crore for taxation, the Bank earned a net profit of Rs 10,342.2 crore, an increase of 18.1 per cent over the quarter ended December 31, 2020, HDFC Bank said in statement.

HDFC Bank net revenues, net interest income plus other income, increased by 12.1 per cent to Rs 26,627 crore for the quarter ended December 31, 2021 from Rs 23,760.8 crore for the corresponding quarter of previous year.

The Bank's net interest income grew by 13 per cent to Rs 18,443.5 crore for the quarter under review from Rs 16,317 crore recorded in the corresponding quarter of previous year.

Other income rose to Rs 8,183.6 crore for October-December 2021 quarter, which is 9.9 per cent higher when compared with Rs 7,443.2 crore recorded during the same period of 2020.

The Bank's consolidated net profit for April-December 2021 period rose to Rs 27,610 crore, which is 18 per cent higher when compared with corresponding period of previous year.

HDFC Bank's asset quality has improved. The Bank's gross non-performing assets declined to 1.26 per cent of gross advances as on December 31, 2021 as against 1.35 per cent as on September 30, 2021 and 1.38 per cent as on December 31, 2020.

The Bank's net non-performing assets stood at 0.37 per cent of net advances as on December 31, 2021.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Hdfc BankBank
Open in App

Related Stories

NationalAmbedkar Jayanti 2025: What’s Open and What’s Closed on April 14?

NationalSBI Down: State Bank of India Customers Face Difficulty In Availing Mobile Banking, Fund Transfer Services

NationalBank Holidays in April 2025: Banks To Remain Closed on THESE Days; Check Full List

MumbaiMumbai: Business Partners Dupe Bank of ₹1.2 Crore Using Fake Property Documents, Case Registered

NationalPublic Holiday on March 31, 2025: Are Banks Open or Closed on Financial Year-End? RBI Issues Important Update

Business Realted Stories

BusinessManage Your Expenses with a Bajaj Finserv Personal Loan of up to Rs. 55 Lakh

BusinessMumbai property market registers best April in 13 years with over 12,000 deals

BusinessRajasthan's Young Talent Jagdish Bemali Brings Folk Devotion to the Digital Age

BusinessIndia’s commercial real estate resilient despite global trade tensions: Report

BusinessHCL Launches ClimaForce Fund to Power India's Climate Innovators