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On a sequential basis, the lender's nett aft taxation grew by 4 per cent successful the 2nd 4th of the existent fiscal.
The country’s largest backstage assemblage lender HDFC Bank connected Saturday reported a 5.3 per cent leap successful its standalone nett net astatine Rs 16,820 crore successful the 4th ended September 2024, compared to Rs 15,976 crore successful the aforesaid 4th of the erstwhile fiscal.
On a sequential basis, the lender’s nett aft taxation grew by 4 per cent successful the 2nd 4th of the existent fiscal.
Net involvement income (interest earned little involvement expended) accrued by 10 per cent to Rs 30,110 crore from Rs 27,390 crore successful the year-ago quarter. Core nett involvement borderline (NIM) was astatine 3.46 per cent connected full assets, and 3.65 per cent based connected involvement earning assets.
Other income (non-interest revenue) for the 4th stood astatine Rs 11,480 crore arsenic against Rs 10,710 crore successful the corresponding 4th of erstwhile fiscal. During the reporting quarter, the bank’s operating expenses accrued by 9.7 per cent to Rs 16,890 crore, compared to Rs 15,400 crore successful the twelvemonth agone quarter.
Gross non-performing assets (GNPAs) stood astatine 1.36 per cent of gross advances, arsenic against 1.34 per cent successful July-September 2023 quarter. Net non-performing assets were astatine 0.41 per cent of nett advances, arsenic against 0.35 per cent past twelvemonth aforesaid quarter.
Provisions and contingencies stood astatine Rs 2,700 crore arsenic against Rs 2,900 crore for the 4th ended September 30, 2023. Total recognition outgo ratio was astatine 0.43 per cent, arsenic compared to 0.49 per cent successful the year-ago quarter.
In the three-month ended September 2024, the full equilibrium expanse size stood astatine Rs 36,88,100 crore arsenic against Rs 34,16,300 crore arsenic of September 30, 2023.
Gross advances grew by 7 per cent to Rs 25,19,000 crore. Retail loans grew by 11.3 per cent, commercialized and agrarian banking loans grew by 17.4 per cent and firm and different wholesale loans were little by 12 per cent. Overseas advances constituted 1.7 per cent of full advances of the bank.
Total deposits accrued by 15.1 per cent to Rs 25,00,100 crore. Current Account Savings Account (CASA) deposits grew by 8.1 per cent with savings relationship deposits astatine Rs 6,08,100 crore and existent relationship deposits astatine Rs 2,75,400 crore.
The bank’s full Capital Adequacy Ratio (CAR) arsenic per Basel III guidelines stood astatine 19.8 per cent arsenic connected September 30, 2024 arsenic against a regulatory request of 11.7 per cent. Tier 1 CAR was astatine 17.8 per cent and Common Equity Tier 1 Capital ratio was astatine 17.3 per cent arsenic of September 30, 2024.
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