HDFC Life Insurance Q1 Results Highlights: Net Profit Iumps 15% on-year to ₹479 cr
HDFC Bank Ltd Q3 Results FY2024, Net profit at Rs.172.6 billion | 5paisa
Last Updated: 16th January 2024 - 06:29 pm
On 16th January 2024, HDFC Bank announced its quarterly results for the period ending 31st December 2023.
Key Highlights:
- The Bank's consolidated net revenue, grew by 113.5% to Rs.717.7 billion for the Q3FY24.
- The Bank reported a net profit of Rs. 172.6 billion, an increase of 35.9% for Q3FY24.
- Total balance sheet size was Rs.34,926 billion
Business Highlights:
- Total Deposits were at Rs. 22,140 billion, an increase of 27.7% YoY.
- CASA deposits grew by 9.5% with savings account deposits at Rs. 5799 billion and current account deposits at Rs.2558 billion.
- Time deposits were at Rs. 13783 billion, with an increase of 42.1% YoY, resulting in CASA deposits comprising 37.7% of total deposits.
- Gross advances were at Rs.24,693 billion, an increase of 62.4% YoY.
- Domestic retail loans grew by 111.1%, commercial and rural banking loans grew by 31.4%, and corporate and other wholesale loans grew by 11.2%.
- Overseas advances constituted 1.7% of total advances.
- The Bank's total Capital Adequacy Ratio (CAR) was 18.4% for Q3FY24 against a regulatory requirement of 11.7%.
- The Bank's distribution network was at 8,091 branches and 20,688 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,872 cities/towns
- Gross non-performing assets were at 1.26% of gross advances for Q3FY24, as against 1.34% for Q3FY24. Net non-performing assets were at 0.31% of net advances for Q3FY24.
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Tanushree Jaiswal
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