HDFC BANK LOGS 35% INCREASE IN NET PROFIT
The New Indian Express|July 21, 2024
RETURNING to its once famed over 30% net income for as many as 34 quarters on the trot which ended with the pandemic era, the second-largest lender logged in a robust 35.33% jump in net profit at 16,174.75 crore for the June quarter even though the numbers are not comparable since the merger with its parent took effect only from July last year.
DIPAK MONDAL
HDFC BANK LOGS 35% INCREASE IN NET PROFIT

Higher profit is in spite of the bank seeing doubling of its standalone net NPAs and gross NPAs shooting up by 73% in absolute basis as the balance sheet expanded with the merger and not in actual percentage terms as the provisions came down massively. Loan provisions for the quarter stood at ₹2,602 crore, a reduction compared to ₹13,511.64 crore in the previous quarter indicating that the asset quality has only improved.

この記事は The New Indian Express の July 21, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The New Indian Express の July 21, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE NEW INDIAN EXPRESSのその他の記事すべて表示
Harmanpreet & Co seek quick turnaround against Pakistan
The New Indian Express

Harmanpreet & Co seek quick turnaround against Pakistan

FIELDING and fitness are of the highest priority,\" Amol Muzumdar said on the eve of his first-ever T20I series as a head coach of India.

time-read
1 min  |
October 06, 2024
MORE PRIDE, LESS PREJUDICE
The New Indian Express

MORE PRIDE, LESS PREJUDICE

One of the best bowlers in the world, Australia's Schutt opens up to Kalyani Mangale about her journey as a queer athlete, how perspectives have changed after becoming a mother and more...

time-read
4 分  |
October 06, 2024
The New Indian Express

Sarthak clinches maiden national crown

PUNE'S Sarthak Chavan (TVS Racing), enjoying the best season of his fledgling career yet, scripted history when he became the youngest ever, at 17, to seal the title in the premier Pro-Stock 301-400cc Open class as the fifth and final round of the MRF MMSC fmsci Indian National Motorcycle Racing Championship 2024 - Powered by STORM headed towards a grand climax on Saturday.

time-read
1 min  |
October 06, 2024
Sreejesh 2.0: Veteran set for fresh test as jr team coach
The New Indian Express

Sreejesh 2.0: Veteran set for fresh test as jr team coach

THE last match PR Sreejesh played for the country, he captured a bronze medal at the Olympics.

time-read
1 min  |
October 06, 2024
The New Indian Express

India grapplers doubtful for Sr and U23 Worlds

PARTICIPATION of Indian wrestlers in the U23 and Senior World Championships scheduled in Tirana, Albania looks doubtful due to ongoing scuffle between the Wrestling Federation of India and government.

time-read
1 min  |
October 06, 2024
The New Indian Express

Household debt up 26% CAGR since '20

FINANCIAL liabilities/indebtedness of the households, which nearly doubled to 5.6% of GDP in FY23, have grown at a compounded annual growth rate of 26% between FY20 and FY23 as against 17% in the pre-pandemic decade, while their savings grew at a much lower 9%, down from 11%, shows an analysis.

time-read
1 min  |
October 06, 2024
ABHINANDAN LODHA FLOATS 'PLOTS-ONLY' REALTY MODEL
The New Indian Express

ABHINANDAN LODHA FLOATS 'PLOTS-ONLY' REALTY MODEL

IN the old days, especially in the smaller cities and towns, a 'developer' meant the chap who had the pluck to convert some agricultural land to 'residential use'.

time-read
3 分  |
October 06, 2024
The New Indian Express

How will China stimulus impact India

CHINA'S effort to revive its economy via a financial and monetary stimulus package is perceived to have a strong impact on India - positive as well as negative.

time-read
3 分  |
October 06, 2024
Hezbollah loses contact with Nasrallah successor
The New Indian Express

Hezbollah loses contact with Nasrallah successor

Hashem Safieddine unreachable after Israeli strike targeting him

time-read
2 分  |
October 06, 2024
The New Indian Express

SBI declares MTNL loan as NPA due to payment default

THE State Bank of India (SBI) has declared loans given to state-owned Mahanagar Telecom Nigam Limited (MTNL) as a sub-standard non-performing asset (NPA) due to default in re-payment.

time-read
1 min  |
October 06, 2024