The financial institution on Saturday reported a 20.6 per cent bounce in its consolidated internet revenue to Rs 12,594.47 crore for January-March 2023.
The document date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is May 16, 2023
HDFC Bank, India’s largest non-public sector lender, on Saturday declared a dividend of Rs 19 per fairness share for the monetary yr 2022-23. It is greater as in contrast with the Rs 15.5 dividend introduced for the earlier yr.
The document date for figuring out the eligibility of members entitled to obtain dividend on fairness shares is Tuesday, May 16, 2023.
“The board of administrators, at its assembly held at this time, has beneficial a dividend of Rs 19 per fairness share of Re 1 every totally paid-up (i.e. 1,900 per cent) out of the web income for the yr ended March 31, 2023, topic to the approval of the shareholders on the ensuing annual basic assembly of the financial institution,” HDFC Bank said in a regulatory filing.
It added that the dividend, if approved by the shareholders of the bank, shall be paid after the AGM to those shareholders, whose names appear in the bank’s register of members/ register of beneficial owners maintained by the depositories — NSDL and CDSL as at the close of business hours on Tuesday, May 16, 2023.
The bank on Saturday reported a 16.53 per cent jump in its standalone net profit to Rs 12,047 crore for January-March 2023 (Q4 FY23). Its net interest income (interest earned less interest expended) for the quarter ended March 31, 2023, grew 23.7 per cent to Rs 23,351.8 crore, from Rs 18,872.7 crore a year ago.
On a consolidated basis, its net profit stood at Rs 12,594.47 crore, up 20.6 per cent over the quarter ended March 31, 2022, according to a BSE filing.
Its CASA (current account saving account) deposits grew 11.3 per cent with
savings account deposits at Rs 5,62,493 crore and current account deposits at Rs 2,73,496 crore.
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