HDFC Bank Q4 net profit rises 18.2%

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HT Bureau

Guwahati, April 17: HDFC Bank reported a net profit for the quarter ended March 2021 at Rs. 8,186.5 crore – an increase of 18.2% over the quarter ended March 31, 2020. The Bank’s net revenues (net interest income plus other income) increased by 16.4% to Rs. 24,714.1 crore for the quarter ended March 31, 2021 from Rs. 21,236.6 crore for the quarter ended March 31, 2020. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2021 grew by 12.6% to Rs. 17,120.2 crore from Rs. 15,204.1 crore for the quarter ended March 31, 2020.

Total deposits as of March 31, 2021 were Rs. 13,35,060 crore, an increase of 16.3% over March 31, 2020. CASA deposits grew by 27.0% with savings account deposits at Rs. 4,03,500 crore and current account deposits at Rs. 2,12,182 crore. Total balance sheet size as of March 31, 2021 was Rs. 17,46,871 crore as against Rs. 15,30,511 crore as of March 31, 2020, a growth of 14.1%. The cost to income ratio for the year ended March 31, 2021 was at 36.3%, as against 38.6% for the year ended March 31, 2020. Net profit for the year ended March 31, 2021 was Rs. 31,116.5 crore, up 18.5% over the year ended March 31, 2020.

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