HDFC Bank Q2 FY22 Results: HDFC Bank, the nation’s largest non-public lender, reported a internet revenue of Rs 8,834.3 crore on a standalone foundation, marking a rise of 17.58 per cent within the July-September quarter from Rs 7,513.1 crore throughout the identical interval final yr. The financial institution’s complete revenue stood at Rs 38,754 crore, in comparison with Rs 36,069 crore within the year-ago interval.
HDFC Bank Q2 Results: Here’s All You Need To Know
On a sequential foundation, the financial institution’s standalone internet revenue elevated 14.29 per cent, in comparison with Rs 7,729 crore reported on the finish of the previous April-June quarter within the monetary yr 2020-21. (Also Read: HDFC Bank Net Profit Rises 16% To Rs 7,729 Crore In 1st Quarter Of Current Fiscal )
At Rs 16,346 crore, the financial institution’s gross non-performing asset (NPA) stood at 1.35 per cent of the gross advances (1.2 per cent excluding NPAs within the agricultural section), in comparison with 1.47 per cent within the previous June quarter, and 1.37 per cent within the year-ago interval.
HDFC Bank’s internet curiosity revenue – the distinction between curiosity earned and curiosity expended – grew 12.1 per cent to Rs 17,684.4 crore, in comparison with Rs 15,776.4 crore within the year-ago interval, pushed by advances progress of 15.5 per cent, and a core internet curiosity margin of 4.1 per cent.
The internet NPA within the September quarter stood at Rs 4,755 crore – which was 0.40 per cent of the online advances, in comparison with 0.17 per cent within the year-ago interval, and 0.48 per cent within the previous June quarter.
The financial institution’s non-interest income (different revenue) at Rs 7,600.8 crore was 29.5 per cent of the online revenues and registered a progress of 21.5 per cent, in comparison with Rs 6,092.5 crore within the corresponding quarter of the earlier fiscal.
The working bills for the September quarter had been Rs 9,277.9 crore, a rise of 15.2 per cent, in comparison with Rs 8,055.1 crore throughout the corresponding quarter final yr. The cost-to-income ratio for second quarter stood at 37 per cent.
HDFC Bank’s internet revenues – internet curiosity revenue plus different revenue, elevated by 14.7 per cent to Rs 25,085.2 crore for the July-September quarter, in comparison with Rs 21,868 crore within the corresponding quarter of the earlier fiscal.
The financial institution’s complete advances within the September quarter stood at Rs 1,198,837 crore, marking a rise of 15.5 per cent from the year-ago interval. Retail loans grew by 12.9 per cent, business and rural banking loans grew by 27.6 per cent, and different wholesale loans grew by six per cent.
During the quarter, the Reserve Bank of India (RBI) lifted the ban on HDFC Bank’s bank card enterprise. Since then, it has issued greater than 4 lakh bank cards, as of September 21, 2021, in line with the financial institution’s assertion. (Also Read: HDFC Bank Issues Over 4 Lakh Credit Cards Since Lifting Of Ban )
On Thursday, October 14, shares of HDFC Bank settled 2.86 per cent larger at Rs 1,685.90 apiece on the BSE. Ahead of the quarterly outcomes, the financial institution’s shares rallied on Thursday to the touch a 52-week excessive of Rs 1,690 throughout the buying and selling session.