'HDFC Bank has reported net profit at Rs 16174.75 crore for the quarter ended June 2024 (Q1FY2025) compared with Rs 16511.85 crore in the previous quarter Q4FY2024. The bank has posted 2.6% qoq growth in net interest income (NII), while the core fee income of the bank declined 12% in Q1FY2025. The Net Interest Margin (NIM) of the bank improved to 3.47% in
Q1FY2025 compared to 3.44% in the previous quarter.
On business front, the bank as has posted marginal decline in business volumes on sequential basis as the loan book declined 1% qoq, while the deposits base was steady end June 2024. The asset quality of the bank has witnessed moderate pressure in Q1FY2025 with rise
slippages and declines recoveries. Bank has further reduced the credit to deposit ratio to 104.5% at end June 2024 from 105.4% at end March 2024. However, the CASA ratio of the bank has declined to 36.3% at end June 2024 from 38.2% at end March 2024.
Asset quality witness...
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