HDFC Bank net profit rises 5% to ₹16,820 crore in Q2
The Morning Standard|October 20, 2024
HDFC Bank on Saturday reported a 5% rise net income year-on-year to ₹16,821 crore, despite overall stressed assets inching up marginally.
BENN KOCHUVEEDAN
HDFC Bank net profit rises 5% to ₹16,820 crore in Q2

The numbers beat Street expectations as brokerages were expecting the largest private sector lender to post ₹16,570 crore in net income in the September quarter. The bank posted better-than-expected net interest income. Net interest income rose 10% to ₹30,114 crore as against brokerages expectations of ₹30,306 crore.

The core profitability gauge, net interest margin printed in at 3.46% and 3.65% based on interest earning assets, chief financial officer Srinivasan Kothandaraman Vaidyanathan told reporters in an earnings call Saturday. Other income for the quarter came in at ₹11,480 crore compared to ₹10,710 crore year-ago period.

هذه القصة مأخوذة من طبعة October 20, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 20, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE MORNING STANDARD مشاهدة الكل
The Morning Standard

Healing with art

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Jr NTR's Devara: Part 1 gets OTT release date
The Morning Standard

Jr NTR's Devara: Part 1 gets OTT release date

On Tuesday, Netflix announced that the Jr NTR-starrer Devara: Part 1 is coming to the platform on November 8.

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The Morning Standard

7 guarantees in INDIA manifesta

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Eyes on host city as IOA submits letter of intent for 2036 Olympics
The Morning Standard

Eyes on host city as IOA submits letter of intent for 2036 Olympics

THE Indian Olympic Association has finally submitted the letter of intent to the International Olympic Committee on October 1.

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ERIGAISI SURVIVES ANOTHER CLOSE MATCH
The Morning Standard

ERIGAISI SURVIVES ANOTHER CLOSE MATCH

A win today will see the Indian GM becoming World Number 2

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The Morning Standard

Delhi up against table toppers Chandigarh

CHANDIGARH are on a roll after initial disappointment when they lost their first match against Railways.

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The Morning Standard

1574 players sign up for IPL mega auction

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Djokovic withdraws from ATP Finals due to injury
The Morning Standard

Djokovic withdraws from ATP Finals due to injury

NOVAK Djokovic won't defend his ATP Finals title after ruling himself out on Tuesday due to an unspecified injury.

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The Morning Standard

Muralikrishnan, Xiaomi India head, resigns

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The Morning Standard

Trade barriers could rise if Trump wins

THE US election results could have a far-reaching impact on global trade if Donald Trump emerges victorious on November 12, the election results day.

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