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HDFC Bank Reports A Near 23% Jump In Net Profits In The March Quarter

HDFC Financial institution reported a close to 23% leap in internet revenue within the January-March quarter

HDFC Financial institution reported a close to 23 per cent leap in its standalone internet revenue within the January-March quarter from a 12 months in the past.

On Saturday, the financial institution stated in a inventory alternate submitting that its standalone internet revenue rose to Rs 10,055.2 crore for the January-March quarter from 8,186.50 crore throughout the identical interval a 12 months in the past.

“After offering Rs 2,989.5 crore for taxation, the financial institution earned a internet revenue of Rs 10,055.20 crore, a rise of twenty-two.8 per cent over the quarter ended March 31, 2021,” famous HDFC Financial institution within the alternate report.

The standalone internet earnings jumped by over 6 per cent to Rs 41,085.78 crore within the remaining quarter of the 2021-22 fiscal 12 months from Rs 38,017.50 crore within the year-ago interval, the report confirmed.

HDFC stated as on March 31, 2022, the general non-performing belongings (NPAs) have been down at 1.17 per cent, in comparison with 1.26 per cent earlier.

Web NPAs (or unhealthy loans) stood at 0.32 per cent of the web advances, in comparison with 0.40 per cent, the report confirmed. 

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