HDFC Bank Posts Profit Of Rs 5,885 Crore In March Quarter
 HDFC Bank reported a record quarterly net profit of Rs 5,885 crore on Saturday, meeting market expectations as the country's biggest lender by market value raked in higher interest and fee income.
The bank also said its board had approved raising up to Rs 50,000 crore by issuing debt over the next 12 months.
Net profit rose 22.6 per cent in the fourth quarter through March from Rs 4,799 crore a year ago. Analysts were looking for a profit of Rs 5,846 crore, according to IBES data from Refinitiv.
The private sector lender, which focuses on retail consumers and has a relatively small exposure to the troubled infrastructure sector, has been able to tame its bad loans and stay profitable at a time when high levels of soured assets have swept the sector.
HDFC Bank is the first major lender to report results for the final quarter of the year.
Overall its loans grew 24.5 per cent as of end-March, of which domestic retail loans climbed 19 per cent.
Net interest income was up 22.8 per cent, while the net interest margin was 4.4 per cent.
Asset quality improved slightly, with gross bad loans as a percentage of the total at 1.36 per cent by the end of March, compared with 1.38 per cent in the previous quarter and 1.30 per cent in the same period last year.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
