Home Finance HDFC Bank Q3 profit up 20% to Rs 46.43 bn as interest, fee income rise

HDFC Bank Q3 profit up 20% to Rs 46.43 bn as interest, fee income rise

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HDFC Bank Q3 net jumps 20% on higher interest, fee income

HDFC Bank Ltd has registered a record quarterly profit. Interest and fee revenue increased and a steady non-performance debt ratio was raised to the bottom of the nation’s second-largest lender’s assets. Net profit for the lender has increased by 20 percent to Rs. For the third quarter ended December 31, 2012, the country had a net profit of Rs 4,643 crore ($ 728.4 million). 3,865 crore a year ago.

This is the highest quarterly profit and widespread Rs. According to Thomson Reuters, an estimated 4,631 crore analysts have anticipated. By the end of December, the bank’s total debt amounted to 1.29 percent and 1.26 percent in September.

HDFC Bank is the most valuable in this field with a market capitalization of over 78 billion dollars, focusing on retail clients and lower credit to low creditors, which is lower for departments such as infrastructure financing. Opponents, especially state-backed lenders, have been able to raise debt faster when they face credit rating levels in the sector.

HDFC Bank net interest income rose 24.1 percent year-on-year to Rs. 10,314 crore, the average asset growth was 16.6 percent. Its core net interest margin is 4.3 percent. However, interest income increased by 23.1 percent to Rs. 3,869 crores. Shares in HDFC Bank rose by 0.65 percent and 0.5 percent by 0656 GMT in the Mumbai market.

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