HDFC Bank Q1 net profit jumps 21 percent to Rs 9,579 Cr


Share post:

HDFC Bank reported on Saturday that its June quarter net profit rose by 20.91% to Rs 9,579.11 Crore.

On a standalone basis, the largest private sector lender’s net profit increased to Rs 9,195.99 crore from Rs 7,729.64 crore in the year-ago period, but was down from Rs 10,055.18 crore in the preceding March quarter.

Its total income was Rs 41,560 crore, compared with Rs 36,771 crore for the same period a year ago.
The bank reported in an exchange filing that the total expenditure rose to Rs 26,192 crore from Rs 21634 crore.

According to the bank, overall provisions for this quarter fell to Rs 3.187.73 crore compared with Rs 4.830.84 crore during the same period last year.


Please enter your comment!
Please enter your name here


Related articles

The Benefits of a Creative Subscription with Envato Elements

If you’re looking to find and use royalty-free images and other creative resources, it can be tough to...

Get an Additional ₹100 Cashback When You Pay with Domino’s Digital Wallet Partners

How does ₹100 cashback sound? Find out more about the additional cashback you can get when you pay...

Get Unlimited Access to DataCamp’s Library of Online Courses

DataCamp subscriptions enable access to over 300 courses, as well as projects, assessments, and additional content. Whether you're...

Why You Should Buy from DaMENSCH: The Best in Quality, Service, and Value

Buying products online can be dangerous; you never know if you’re getting an authentic product, or one that’s...