Mumbai, Apr. 15 (PTI) HDFC Bank posted a 20.60 percent growth in its consolidated net profit for the March 2023 quarter at Rs 12,594.47 crore.
The country’s largest private sector lender, a year ago in the January-March period, raised Rs. 10,443.01 crore and in the previous December quarter Rs. 12,698.32 crore net profit. For FY2023, the bank reported a net profit of Rs 45,997.11 crore. On absolute basis, the bank’s net profit rose 19.81 percent to Rs 12,047.45 crore. Its overall income grew to Rs 53,850 crore from Rs 41,086 crore in the previous year. The overall provisions for loan losses and other items during the reporting quarter stood at Rs. 2,685.37 crore as against Rs 3,312.35 crore a year ago.
The gross non-performing asset ratio improved to 1.12 percent at the end of March from 1.17 percent a year ago and 1.23 percent in December 2022. PTI AA BAL BAL