Securities private limited, Financial services company

Mumbai, April 16 Lending major HDFC Bank on Saturday reported a year-on-year rise of 22.8 per cent in net profit for the fourth quarter of FY22 ended March 31.The bank's net profit increased to Rs 10,055.2 crore during the period under review over the quarter ended March 31, 2021.Besides, the bank's net interest income (income earned less interest expended) for the quarter under review grew by 10.2 per cent to Rs 18,872.7 crore from Rs 17,120.2 crore earned during the corresponding period of FY21."Profit before tax (PBT) for the quarter ended March 31, 2022 at Rs 13,044.7 crore grew by 20.3 per cent over the corresponding quarter of the previous year. After providing Rs 2,989.5 crore for taxation, the bank earned a net profit of Rs 10,055.2 crore, an increase of 22.8 per cent over the quarter ended March 31, 2021," HDFC Bank said in a statement.The bank also reported that provisions and contingencies for the quarter ended March 31, 2022 were Rs 3,312.4 crore (consisting of specific loan loss provisions of Rs 1,778.2 crore and general and other provisions of Rs 1,534.2 crore) as against total provisions of Rs 4,693.7 crore for the quarter ended March 31, 2021."Total provisions for the current quarter included contingent provisions of approximately Rs 1,000 crore," it said.For the full fiscal FY22, the bank reported a rise of 18.8 per cent in its net profit to Rs 36,961.3 crore over the financial year ended March 31, 2021.It earned a total income of Rs 157,263 crore as against Rs 146,063.1 crore for the financial year ended March 31, 2021.The bank's net revenues (net interest income plus other income) for the financial year ended March 31, 2022 were Rs 101,519.5 crore, as against Rs 90,084.5 crore for the fiscal year ended March 31, 2021.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

Securities Private LimitedFOLLOW

Securities private limited, Latest News

New Delhi, July 7 The Ministry of Defence on Thursday said that it has assigned three private sector ... ...

The Indian stock markets' key indices, Sensex and Nifty, surged by over one per cent on Wednesday helped by strong buying support in banking and financial stocks as a strong quarterly number of Bajaj Finance boosted investors' confidence. ...

The Indian stock market's benchmark Sensex was trading 668 points down in the afternoon session on Wednesday dragged by heavy selling pressure in heavyweights Reliance Industries and HDFC Bank. ...

New Delhi, April 19 Shares of HDFC twins - HDFC Bank and HDFC – have been on a ... ...

HDFC Bank, India's largest private sector lender, on Saturday said it opened 563 new branches and added 7,167 employees during January-March 2022 quarter. ...

The asset quality of India's largest private sector lender HDFC Bank has improved as the bank's gross non-performing assets (NPAs) declined to 1.17 per cent of gross advances as on March 31, 2022, as against 1.32 per cent as on March 31, 2021, accor ...

India's largest private sector lender HDFC Bank on Saturday posted Rs 10,055.20 crore net profit for the quarter ended March 2022 as against Rs 8,186.5 crore recorded in the corresponding quarter of the previous year, registering 22.8 per cent year-o ...

Mumbai, April 16 Lending major HDFC Bank on Saturday reported a year-on-year rise of 22.8 per cent in ... ...