HDFC Bank profit rises 2.2%, NPAs up by 16%

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Gross non-performing assets, GNPA, HDFC Bank, HDFC Bank profit, HDFC Bank revenue, Indian explicit business, concern news, concern articles, existent affairs Total deposits stood astatine Rs 25.6 lakh crore arsenic of December 2024, registering a 15.8 per cent YoY growth, portion full advances roseate 3 per cent to Rs 25.4 lakh crore during the aforesaid period.

HDFC Bank, India’s largest backstage assemblage lender, reported a 2.2 per cent year-on-year emergence successful standalone nett net to Rs 16,736 crore for the 4th ended December 2024 arsenic against Rs 16,372 crore a twelvemonth ago.

Gross non-performing assets (GNPA) accrued to Rs 36,018 crore arsenic of December 2024, up 16 per cent from Rs 31,011 crore a twelvemonth ago, chiefly owed to emergence successful workplace loans. Consequently, the GNPA ratio expanded by 18 ground points to 1.42 per cent from 1.26 per cent successful the aforesaid play past year.

Similarly, nett non-performing assets (NNPA) roseate to Rs 11,588 crore, with the NNPA ratio expanding by 15 ground points to 0.46 per cent from 0.31 per cent a twelvemonth ago.

The bank’s shares roseate 1.42 per cent to Rs 1,665.05 connected the BSE connected Wednesday.

Provisions for the 4th declined to Rs 3,154 crore from Rs 4,217 crore successful the aforesaid play past year, reflecting a 25 per cent reduction.

The bank’s nett involvement income, which is the quality betwixt involvement earned and paid, roseate 8 percent to Rs 30,690 crore during the quarter. But nett involvement borderline for the 4th was level astatine 3.4 per cent compared to 3.5 per cent successful the September quarte

Total deposits stood astatine Rs 25.6 lakh crore arsenic of December 2024, registering a 15.8 per cent YoY growth, portion full advances roseate 3 per cent to Rs 25.4 lakh crore during the aforesaid period.

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