{"id":1241711,"date":"2023-01-17T13:02:13","date_gmt":"2023-01-17T07:32:13","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1241711"},"modified":"2023-01-17T13:02:56","modified_gmt":"2023-01-17T07:32:56","slug":"hdfc-bank-earned-rs-141-crore-profit-per-day-in-last-90-days-net-profit-surges-by-14-yoy","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hdfc-bank-earned-rs-141-crore-profit-per-day-in-last-90-days-net-profit-surges-by-14-yoy\/","title":{"rendered":"HDFC Bank Earned Rs 141 Crore Profit Per Day In Last 90 Days; Net Profit Surges By 14% YoY"},"content":{"rendered":"\n

HDFC Bank, which is the country’s largest private sector lender posted a standalone net profit of Rs 12,259 crore for the three months ended December.<\/p>\n\n\n\n

\"HDFC<\/figure>\n\n\n\n

19% growth <\/strong><\/p>\n\n\n\n

This is a rise of 19% year-on-year due to a drop in its provisions.<\/p>\n\n\n\n

The lender reported a 6% y-o-y decline in its provisions to Rs 2,806 crore.<\/p>\n\n\n\n

Its Q3 profit came in higher than the Bloomberg estimate of Rs 11,815 crore.<\/p>\n\n\n\n

Net interest income<\/strong><\/p>\n\n\n\n

The bank’s net interest income or the difference between interest earned on loans and expended on deposits rose nearly 25 per cent to Rs 22,987.83 crore compared with Rs 18,443.48 crore during the same period last year.<\/p>\n\n\n\n

Asset quality remained stable during the quarter as gross non-performing assets (NPAs) came in at 1.23 per cent versus 1.23 per cent in the previous quarter and as against 1.26 per cent during the same period last year.<\/p>\n\n\n\n

In absolute terms, gross NPAs came in at Rs 18,764 crore.<\/p>\n\n\n\n

Net NPAs as a percentage of total advances remained unchanged sequentially at 0.33 per cent.<\/p>\n\n\n\n

HDFC Securities<\/strong><\/p>\n\n\n\n

HDFC Securities, the broking arm of the bank, reported a revenue of Rs 505 crore in Q3FY23 against Rs 536 crore a year ago.<\/p>\n\n\n\n

Its net profit stood at Rs 203 crore against Rs 258 crore.<\/p>\n\n\n\n

HDB Financial Services<\/strong><\/p>\n\n\n\n

HDB Financial Services, its non-banking financial services subsidiary, announced a revenue of Rs 2,233 crore against Rs 1,982 crore in Q3FY23.<\/p>\n\n\n\n

It earned a net profit of Rs 501 crore compared <\/a>with Rs 304 crore.<\/p>\n\n\n\n

Presence across India <\/strong><\/p>\n\n\n\n

As of December 31, 2022, the banks presence <\/a>throughout the country was at 7,183 branches and 19,007 ATMs \/ Cash Deposit & Withdrawal Machines (CD Ms) across 3,552 cities\/ towns.<\/p>\n\n\n\n

In comparison, its distribution network stood at 5,779 branches and 17,238 ATMs \/ CDMs across 2,956 cities\/ towns as of December 31, 2021<\/p>\n\n\n\n

51 per cent of its branches are in semi-urban and rural areas.<\/p>\n","protected":false},"excerpt":{"rendered":"

HDFC Bank, which is the country’s largest private sector lender posted a standalone net profit of Rs 12,259 crore for the three months ended December. 19% growth  This is a rise of 19% year-on-year due to a drop in its provisions. The lender reported a 6% y-o-y decline in its provisions to Rs 2,806 crore. […]<\/p>\n","protected":false},"author":24,"featured_media":1241717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[187],"tags":[575],"class_list":["post-1241711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-hdfc"],"acf":[],"yoast_head":"\nHDFC Bank Earned Rs 141 Crore Profit Per Day In Last 90 Days; Net Profit Surges By 14% YoY - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hdfc-bank-earned-rs-141-crore-profit-per-day-in-last-90-days-net-profit-surges-by-14-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC Bank Earned Rs 141 Crore Profit Per Day In Last 90 Days; Net Profit Surges By 14% YoY - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"HDFC Bank, which is the country’s largest private sector lender posted a standalone net profit of Rs 12,259 crore for the three months ended December. 19% growth  This is a rise of 19% year-on-year due to a drop in its provisions. 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