8.1 C
Delhi
Friday, January 28, 2022

HDFC Bank Results: Bank’s profit increased in December quarter, but bad loans also increased on an annual basis

HDFC Bank Results: HDFC Bank, the country’s largest bank in the private sector, made more profit in the last quarter, but there was an increase in bad loans on an annual basis.

HDFC Bank Results: In the private sector, the country’s largest bank HDFC Bank’s standalone net profit increased by 18.1 percent in the last quarter October-December 2021. The bank today announced the results for the third quarter October-December 2021 of the current financial year 2021-22. According to the released results, the bank’s standalone net profit in the December 2021 quarter stood at Rs 10342 crore, with a jump of 18.1 percent. In the third quarter of the last financial year, this figure of profit was Rs 8,758.29.

However, on an annual basis, the bank’s net NPAs or bad loans increased in the December quarter. According to the financial results of HDFC Bank for the December quarter, there was an increase in the bank’s band loans and gross NPAs (Non-Performing Assets).

6 Airbag in A Car: Big decision to make 6 airbags mandatory in all cars, know what is the meaning of this announcement and what will be the effect on the price of cars?

Highlights of HDFC Bank Result

  • In October-December 2021, the bank’s standalone net profit increased by 18.1 percent to Rs 10342 crore. In the third quarter of the last financial year 2021, this figure of profit was Rs 8,758.29.
  • On standalone basis, the bank achieved a total income of Rs 40651.60 crore in the previous quarter as against the total income of the bank in the third quarter October-December 2020 of the previous financial year.
  • An income of Rs 37,522.92 crore was received.

Covid-19 Third Wave Update: 2.69 lakh new cases of corona in a day, lakhs of devotees gathered in Gangasagar and Prayagraj on Makar Sankranti

  • There was an increase in the bank’s bad loans and gross NPAs and it reached 1.26 per cent of gross advances as per the data available till 30 December 2021. Comparing this with the third quarter of the last financial year, this figure was at 0.81 percent. However, in the September 2021 quarter, this ratio has improved in October-December 2021 as it stood at 1.35 per cent in September 2021.
  • Net NPAs or bad loans jumped to 0.37 per cent on a year-on-year basis, while it declined on a quarterly basis. This figure stood at 0.40 per cent in the September quarter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

.

Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -