'HDFC Bank has reported 2%
growth in net profit at Rs 16735.50 crore for the quarter ended December 2024
(Q3FY2025). The net profit adjusted for trading & mark
to market gains, prior year one-off provisions and prior year tax credits, grew
by 13.6% over Q3FY2024. The bank has posted 8% growth in net interest income (NII), while
the core fee income of the bank improved 18% in Q3FY2025. The Net Interest
Margin (NIM) of the bank improved to 3.43% in Q3FY2025 compared to 3.40% in the
corresponding quarter of previous year.
On business front, the bank as has
posted 9% growth in business with 3% rise in loan book. The asset quality of
the bank has witnessed marginal pressure on account of higher agriculture
related slippages. Bank has substantially reduced the credit to deposit ratio
to 99.2% at end December 2024 from 111.5% at end December 2023. However, the
CASA ratio of the bank has declined to 34.0% at end December 2024 fr...
Pleaselogin & subscribe to view the full report.
More Reports
-
(28-Jan-2025)
Hindustan Zinc
Q3 capex was Rs 1024 crore
-
-
-
Capex in Q3 was Rs 3868 crore
|
|