MUMBAI: HDFC Bank, the nation’s greatest non-public lender, has reported a internet benefit of Rs 12,047 crore for the quarter ended March 2023 — an building up of nineteen.8% over Rs 10,055 crore within the corresponding quarter final yr. The financial institution’s board has advisable a dividend of Rs 19 according to fairness percentage of Re 1 (1900%) for FY23, up from Rs 15.5 final yr.
Sequentially, the web benefit was once down 1.7% from Rs 12,259 crore within the quarter ended December 2022.
For the entire monetary yr (2022-23), the financial institution reported a internet benefit of Rs 44,108 crore, an building up of nineteen.3% over Rs 36,961 crore in FY22 (2021-22).
On a consolidated foundation, after bearing in mind the earnings of subsidiaries HDB Financial and hdfc securitiesThe financial institution’s internet benefit for the entire yr was once Rs 46,148 crore, up 21% from Rs 38,052 crore.
Net passion source of revenue for the quarter ended March 2023 stood at Rs 23,352 crore, an building up of 23.7% over Rs 18,872 crore within the fourth quarter of FY22. Sequentially, internet passion source of revenue was once 1.6% upper at Rs 22,988 crore because the financial institution raced to develop its deposits forward of father or mother HDFC’s merger with it.
Deposits swelled to Rs 18.8 lakh crore as of March 2023, up 20% from Rs 15.6 lakh crore in March 2022. Advances grew just about 17% to Rs 16 lakh crore from Rs 13.7 lakh crore a yr previous. In absolute phrases, gross non-performing belongings stood at Rs 18,019 crore, 11.6% upper than final yr’s Rs 16,140 crore. However, sequentially, they had been less than the Rs 18,763 crore in December 2022. As a share of belongings, gross NPAs had been down to at least one.12% from 1.17% in March 2022.
The National Company Law Tribunal had on March 17, 2023, licensed the merger of HDFC with HDFC Bank. The financial institution is now in quest of regulatory approvals, and the merger is predicted to be efficient throughout FY24 (2023-24).
Sequentially, the web benefit was once down 1.7% from Rs 12,259 crore within the quarter ended December 2022.
For the entire monetary yr (2022-23), the financial institution reported a internet benefit of Rs 44,108 crore, an building up of nineteen.3% over Rs 36,961 crore in FY22 (2021-22).
On a consolidated foundation, after bearing in mind the earnings of subsidiaries HDB Financial and hdfc securitiesThe financial institution’s internet benefit for the entire yr was once Rs 46,148 crore, up 21% from Rs 38,052 crore.
Net passion source of revenue for the quarter ended March 2023 stood at Rs 23,352 crore, an building up of 23.7% over Rs 18,872 crore within the fourth quarter of FY22. Sequentially, internet passion source of revenue was once 1.6% upper at Rs 22,988 crore because the financial institution raced to develop its deposits forward of father or mother HDFC’s merger with it.
Deposits swelled to Rs 18.8 lakh crore as of March 2023, up 20% from Rs 15.6 lakh crore in March 2022. Advances grew just about 17% to Rs 16 lakh crore from Rs 13.7 lakh crore a yr previous. In absolute phrases, gross non-performing belongings stood at Rs 18,019 crore, 11.6% upper than final yr’s Rs 16,140 crore. However, sequentially, they had been less than the Rs 18,763 crore in December 2022. As a share of belongings, gross NPAs had been down to at least one.12% from 1.17% in March 2022.
The National Company Law Tribunal had on March 17, 2023, licensed the merger of HDFC with HDFC Bank. The financial institution is now in quest of regulatory approvals, and the merger is predicted to be efficient throughout FY24 (2023-24).