HDFC Bank has declared its Q4 FY23 monetary outcomes.
HDFC Bank’s Q4 FY23 web curiosity earnings grows 23.7 per cent to Rs 23,351.8 crore, from Rs 18,872.7 crore a yr in the past
HDFC Bank, India’s largest non-public sector lender, on Saturday reported a 16.53 per cent leap in its standalone web revenue to Rs 12,047 crore for January-March 2023 (Q4 FY23). Its web curiosity earnings (curiosity earned much less curiosity 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 yr in the past.
On a consolidated foundation, the most important non-public sector financial institution’s web revenue stood at Rs 12,594.47 crore, up 20.6 per cent over the quarter ended March 31, 2022, based on a BSE submitting.
“The Board of Directors, at its assembly held as we speak (April 15), has advisable a dividend of Rs 19 per fairness share of Re 1 every totally paid-up (i.e. 1,900 per cent) out of the online income for the yr ended March 31, 2023, topic to the approval of the shareholders on the ensuing Annual General Meeting of the financial institution,” based on the submitting.
HDFC Bank’s net revenue on a standalone basis grew 21 per cent to Rs 32,083 crore during the March 2023 quarter, compared with Rs 26,509.8 crore in the year-ago period.
“Operating expenses for the quarter ended March 31, 2023, were Rs 13,462.1 crore, an increase of 32.6 per cent over Rs 10,152.8 crore during the corresponding quarter of the previous year,” the financial institution mentioned in a press release.
The financial institution’s steadiness sheet measurement as of March 31, 2023 was Rs 24,66,081 crore as in opposition to Rs 20,68,535 crore as of March 31, 2022, a development of 19.2 per cent.
Its CASA (present account saving account) deposits grew 11.3 per cent with
financial savings account deposits at Rs 5,62,493 crore and present account deposits at Rs 2,73,496 crore.
HDFC Bank’s gross non-performing belongings (GNPAs) improved to 1.12 per cent of gross advances as on March 31, 2023, in opposition to 1.23 per cent as on December 31, 2022. Its web NPAs have been 0.27 per cent of web advances as on March 31, 2023.
The Bank’s complete capital adequacy ratio (CAR) as per Basel Ill tips was at 19.3 per cent as on March 31, 2023, larger as in contrast with 18.9 per cent a yr in the past. It can also be larger as in opposition to a regulatory requirement of 11.7 per cent, together with capital conservation Buffer of two.5 per cent, and a further requirement of 0.2 per cent on account of the financial institution being recognized as a home systemically essential financial institution (D-SIB).
For the total monetary yr 2022-23, HDFC Bank’s web revenue stood at Rs 44,108.7 crore, up 19.3 per cent over the yr ended March 31, 2022.
