HDFC bank result for June quarter is out. Consolidated net profit rose by 14.36 per cent. Apart from this, there has also been a jump in the total income of the bank but the gross NPA ratio has increased.
Net profit stood at Rs 7922 crore.
HDFC bank results: HDFC Bank, the country’s largest private sector bank, has announced the result for the June quarter. The consolidated net profit of the bank registered a growth of 14.36 percent on a yearly basis and stood at Rs 7922 crore. The bank had a consolidated net profit of Rs 6,927.24 crore in the April-June quarter a year ago.
The bank’s net profit declined in the quarter ended June as compared to the March quarter. It was Rs 8,433.78 crore in the January-March quarter. The bank’s single net profit stood at Rs 7,729.64 crore in the quarter ended June. It was Rs 6,658.62 crore in the same period a year ago, while it was Rs 8,186.51 crore in the quarter ended March 2021.
Increase in total income, NPA also increased
The total income of the bank increased to Rs 36,771 crore in the April-June quarter as compared to Rs 34,453 crore a year ago. The bank’s gross NPA ratio rose to 1.47 per cent in the quarter ended June 30, 2021 this year, from 1.36 per cent in the same period a year ago and 1.32 per cent in the March quarter.
Tomorrow service will be disrupted for 6 hours
Here HDFC bank has told in its e-mail message that due to maintenance work, net banking and mobile banking services will be closed on July 18 between 12 pm and 6 am. During this time, if a customer wants to take advantage of these services, then he will not be able to get it. The bank has apologized for this.
Country’s largest private bank
HDFC Bank is the largest private bank in the country in terms of market cap. The current market cap of the bank has reached close to 8.26 lakh crores. HDFC Bank has overtaken ICICI Bank to become the largest private bank in the country. There are more than 1.16 lakh employees in this bank.
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