HDFC Bank reported a net profit of ₹10,443.01 crore for the January-March interval a yr in the past and ₹12,698.32 crore within the previous December quarter.
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HDFC Bank on Saturday reported a 20.60 per cent development in its consolidated net profit to ₹12,594.47 crore for the March 2023 quarter.
The nation’s largest personal sector lender had reported a net profit of ₹10,443.01 crore for the January-March interval a yr in the past and ₹12,698.32 crore within the previous December quarter.
For FY23, the financial institution reported a net profit of ₹45,997.11 crore in opposition to ₹38,052.75 crore in FY22.
On a standalone foundation, the financial institution reported a 19.81 per cent rise in its net profit to ₹12,047.45 crore. Its general earnings on a standalone foundation grew to ₹53,850 crore in contrast to ₹41,086 crore within the year-ago interval.
The general provisions for mortgage losses and different features stood at ₹2,685.37 crore for the reporting quarter in opposition to ₹3,312.35 crore a yr in the past.
The gross non-performing property ratio improved to 1.12 per cent on the finish of March from 1.17 per cent a yr in the past and 1.23 per cent in December 2022.
