Total earnings on a standalone foundation rose to ₹51,207.61 crore within the October-December quarter of FY23. File
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The nation’s largest personal sector lender HDFC Bank on Saturday reported an 18.5% enhance in its standalone internet profit at ₹12,259.5 crore for the third quarter ended December 2022.
The financial institution had earned a internet profit of ₹10,342.2 crore within the corresponding quarter of the earlier fiscal yr.
Total earnings on a standalone foundation rose to ₹51,207.61 crore within the October-December quarter of FY23, as towards ₹40,651.60 crore in the identical interval of the earlier monetary yr, HDFC Bank stated in a regulatory submitting.
On the asset high quality aspect, financial institution’s gross non-performing property (NPAs) remained flat at 1.23% of gross advances as of December 30, 2022.
Net NPAs too was flat at 0.33% as in contrast to 0.37% on the finish of December 2021.
Provisions and contingencies for the quarter ended December 31, 2022, had been ₹2,806.4 crore as towards ₹2,994 crore for the year-ago quarter, it stated.
Net curiosity earnings (curiosity earned much less curiosity expended) for the quarter ended December 31, 2022, grew by 24.6% to ₹22,987.8 crore from ₹18.443.5 crore for the quarter ended December 31, 2021, it stated.
Core internet curiosity margin was at 4.1% on whole property, and 4.3% based mostly on curiosity incomes property.
