HDFC Bank net profit jumps 23% to Rs 10,055 crore in Q4
Zee News
HDFC Bank reported a 22.8 per cent jump in its standalone net profit at Rs 10,055.2 crore for the quarter ended March 2022.
New Delhi: HDFC Bank on Saturday reported a 22.8 per cent jump in its standalone net profit at Rs 10,055.2 crore for the quarter ended March 2022. The country's largest private sector lender had posted a net profit of Rs 8,186.50 crore in the corresponding fourth quarter of the previous fiscal.
"After providing Rs 2,989.5 crore for taxation, the bank earned a net profit of Rs 10,055.20 crore, an increase of 22.8 per cent over the quarter ended March 31, 2021," HDFC Bank said in a regulatory filing.
Total income (standalone) rose to Rs 41,085.78 crore during Q4 FY22 as against Rs 38,017.50 crore in the year-ago period.
Net revenues (net interest income plus other income) increased by 7.3 per cent to Rs 26,509.80 crore for the quarter ended March, from Rs 24,714.10 crore earlier, it said.
The net interest income (interest earned minus interest expended) for the reported quarter grew by 10.2 per cent from a year ago to Rs 18,872.70 crore.
