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HDFC Bank clocks 3 pc rise in advances in Q3

4Jan

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HDFC Bank clocks 3 pc rise in advances in Q3

New Delhi, January 04, 2025.The country's biggest private sector lender, HDFC Bank, on Saturday said it has registered a marginal 3 per cent increase in loan growth at Rs 25.42 lakh crore in the December quarter.Total advances were Rs 24.69 lakh crore at the end of December 31, 2023, HDFC Bank said in a regulatory filing.The lender reported a 15.8 per cent rise in total deposits to Rs 25.63 lakh crore as against Rs 22.14 lakh crore at the end of the third quarter of the previous financial year.

HDFC Bank market cap crosses Rs 14 lakh-crore mark for first time

28Nov

By editor3No Comments

Business News, Feature, National News

HDFC Bank market cap crosses Rs 14 lakh-crore mark for first time

New Delhi, November 28, 2024.India's largest private lender HDFC Bank's market capitalisation topped ₹14 lakh crore for the first time on Thursday, November 28 as the stock rose to its fresh high of ₹1,836.05 today.HDFC Bank's market cap touched ₹14.01 lakh crore but later slipped below the coveted ₹14 lakh crore mark amid sharp profit-taking in the broader markets.The recent surge in the lender's performance can be attributed to the MSCI rebalancing, which came into effect on Monday, November 25. Analysts project an influx of around $2.5 billion into Indian markets, with HDFC Bank expected to receive a significant portion of this capital.As part of this rebalancing, HDFC Bank’s weight in the MSCI Emerging Markets (EM) Index is set to rise, potentially b...

22Jul

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Business News, Feature, National News

HDFC Bank’s Q1 net up 35%, interest income surges 26%

New Delhi, July 2024.HDFC Bank reported a 35 per cent jump in its standalone profit after tax (PAT) at Rs 16,174.75 crore in the quarter ended June 30, compared to Rs 11,951.77 crore in the year ago period.On a sequential basis, the bank’s net profit fell by 2 per cent in the April-June 2024 quarter.Net interest income (NII), which is interest earned less interest expended, grew by 26.4 per cent to Rs 29,840 crore in Q1 FY2025, as against Rs 23,600 crore in the same quarter of last fiscal.Net interest margin (NIM) stood at 3.7 per cent based on interest earning assets, and at 3.5 per cent on total assets.In the reporting quarter, operating expenses increased by 18.2 per cent to Rs 16,620 crore, as against Rs 14,060 crore during the corresponding quarter of the previous ...

HDFC Bank’s Jagdishan highest paid bank CEO in FY23 with Rs 10.55 cr pay

7Aug

By editor3No Comments

Feature, National News

HDFC Bank’s Jagdishan highest paid bank CEO in FY23 with Rs 10.55 cr pay

Mumbai, August 07, 2023.HDFC Bank's Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in FY23, grossing over Rs 10.55 crore in overall pay.Jagdishan's colleague Kaizad Bharucha, the deputy managing director of the largest private sector lender, drew Rs 10 crore for the fiscal year and may be the second-highest grossing banker in the country, according to disclosures made in annual reports.Among the bank CEOs, Axis Bank's Amitabh Chaudhry's Rs 9.75 crore payout was the second biggest and he was closely followed by Sandeep Bakhshi of bigger rival ICICI Bank, who drew Rs 9.60 crore for the fiscal year.