HDFC Bank Net Profit: The integrated net profit of private sector HDFC Bank declined by 1.31 percent to Rs 16,258 crore in the April-June quarter of the current financial year. The net profit of the company was Rs 16,475 crore in the same quarter of the last financial year. On a single basis, the bank’s net profit was Rs 18,155 crore in the June quarter, which was Rs 16,174 crore in the same quarter of the previous financial year.Also Read: Big news, public sector banks will recruit 50,000 employees
HDFC Bank on Saturday reported to the stock market that its total income has increased to Rs 99,200 crore in the quarter under review, which was Rs 83,701 crore in the same quarter of the previous financial year. According to the information, the total expenditure of the bank was Rs 63,467 crore in the June quarter as against Rs 59,817 crore in the same period of the previous financial year.Also Read: A defamation case of 1000 crores filed against HDFC Bank’s CEO, know what is the case
The bank’s net interest margin declined to 3.35 percent in the first quarter of the current financial year, which was 3.46 percent in the last quarter. The bank said that its total provision increased to Rs 14,442 crore in the quarter, which was Rs 2,602 crore in the same quarter of a year ago. It also includes temporary provision of Rs 9,000 crore. The gross non-performing asset (NPA) ratio rose to 1.4 percent by June 30, which was 1.33 percent three months ago. (Language)
Edited by: Ravindra Gupta
