HDFC Bank Q4: Giants private bank of india HDFC Bank Has announced its fourth quarter results ended on Saturday, 31 March 2021. The company’s net profit for the quarter increased by 18.1 per cent year-on-year to Rs 8,186.51 crore.
Explain that the bank’s profit was Rs 6,927.69 crore in the March quarter of last year. At the same time, CNBC-TV18 had estimated that the bank’s profit in the fourth quarter could be Rs 8,443 crore.
The bank’s interest income grew 12.6 per cent year-on-year to Rs 17,120.2 crore in the March quarter, compared to Rs 17,082.3 crore in the CNBC-TV18 poll. At the same time, the company’s interest income was Rs 15,204.1 crore in the March quarter of last year.
On a quarter-on-quarter basis, there has been a slight decline in Gross NPA of the bank. It has been down from 1.38 per cent to 1.32 per cent in the previous quarter, while the Net NPA has remained unchanged at 0.40 per cent in the third quarter without any change.
The bank has not announced any dividend in view of the second wave of Corona.
The Bank’s Provisions for the March quarter increased to Rs 4,693.7 crore from Rs 3,414.1 crore in the third quarter as against Rs 3,784.5 crore in the March quarter of the previous year.
The bank’s Net Interest Margin remained at 4.2 per cent level in the third quarter, while the bank’s Net Interest Margin stood at 4.3 per cent in the fourth quarter of last year.
Bank Deposits in the fourth quarter ended 31 March 2021 saw a growth of 16.3 per cent year-on-year and 5 per cent sequentially.
The bank has said in a regulatory filing that the global and Indian financial markets have seen huge fluctuations due to the chaos caused by the Corona epidemic, changes in customer behavior, restrictions on business and personal activities to deal with Corona. There are ups and downs.
The slowdown during this year has adversely impacted activities such as credit volume, sale of third party products, use of credit cards on behalf of customers and recovery of debt. Due to which, we can see an increase in the number of defaults from customers, which may lead to an increase in the bank’s provisions.
Let us know that on Friday, HDFC Bank shares closed 0.12 per cent down at Rs 1,428.45 on the BSE. HDFC Bank recently told the stock exchange that the bank’s deposit base had increased to about Rs 13.35 lakh crore by 31 March.
The bank’s deposit base saw an increase of about 16.3 per cent year-on-year in the financial year ended 31 March 2021. The bank has also reported that its low-cost current account and savings account (Casa) deposits have seen a 27 per cent year-on-year growth in the fourth quarter and reached Rs 6.15 lakh crore.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) And Twitter (.).