HDFC Bank Q4 2022 Results: 23% jump in net profit of the bank, will take 23 April decision on dividend

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HDFC Bank Q4 2022 Results: The country's largest private bank HDFC Bank has released its financial report for the financial year 2022. The net profit of HDFC Bank this financial year is 22.8%. Thus his total profit has increased to Rs.10,055.2 crore. The largest private-sector loan provider bank has achieved impressive growth in the quarter ended March 2022. The bank's bad loan provisions also declined by 29 percent during this period, with the asset quality improving further. A year ago, HDFC Bank's standalone profit stood at Rs 8,186.51 crore. According to the filing, the bank has earned a net profit of Rs 10,055.2 crore in the March 2022 quarter by paying a tax of Rs 2,989.5 crore.

HDFC Bank Q4 Standalone Result Details:

1. The bank had a year-on-year growth of 22.8 percent and a net profit of Rs 10,055.2 crore in January-March 2022.
2. The total income of the bank has been Rs 41,085.78 crore.
3. Net NPAs (Bad Debts) of net advances stood at 0.32 percent instead of 0.40 percent.
4. Net revenue (net interest income plus other income) also grew by 7.3 percent to Rs 26,509.80 crore.
5. Asset Quality The bank's gross non-performing assets (GNPAs) stood at 1.17 percent of gross advances in the March 2022 quarter.

A decision on the dividend will be taken on April 23

Whether the company will give dividends to its investors this year or not will be decided on April 23. HDFC Bank has informed the stock exchanges that the meeting of the directors of the bank will be held on Saturday, April 23. In this meeting, the proposal for a recommendation of dividend on equity shares of the bank for the financial year 2021-22 will be considered. It should be noted that in this March quarter HDFC Bank has earned a profit of 22.8%.

Net interest income also increased by more than 10%,

HDFC Bank said in a piece of information given to the stock exchange on April 16 that its net interest income has increased by 10.2 percent to Rs 18,872.7 crore. Which had a net interest margin of 4 percent on total assets and 4.2 percent on an interest-earning asset basis. The bank has given this information to the Bombay Stock Exchange. he also said, The share of CASA deposits in the bank stood at over Rs 7.51 lakh crore as of the March 2022 quarter, which was over 22 percent, while the proportion of CASA deposits increased to 48 percent in the March 2022 quarter.

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