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HDFC Bank made bumper profit in the fourth quarter, net profit increased by 23 percent

HDFC Bank Q4 Result: Private sector HDFC Bank has released its fourth quarter results today. The bank’s single base net profit jumped 22.8 per cent to Rs 10,055.2 crore in the fourth quarter of FY 2021-22.

stock market information
Giving information about its quarterly results to the stock markets, this largest private sector bank in the country said that after making a provision of Rs 2,989.5 crore for tax in the January-March 2022 quarter, its net profit has been Rs 10,055.2 crore.

22.8 percent higher profit
This figure is 22.8 percent higher than the same period a year ago. The bank had posted a net profit of Rs 8,186.50 crore in the January-March 2021 quarter. HDFC Bank’s total single income also increased to Rs 41,085.78 crore in the last quarter of FY 2021-22 as against Rs 38,017.50 crore in the same period a year ago.

How much was the interest income?
Apart from this, the net interest income and other income of the bank has also increased by 7.3 percent to Rs 26,509.80 crore during the period under review. The bank’s net revenue stood at Rs 24,714.10 crore in the same quarter a year ago. In the last quarter, the bank’s net interest income stood at Rs 18,872.70 crore, up 10.2 per cent from a year ago.

What was the NAP of the bank?
On the asset quality front, the bank said that gross non-performing assets (NPAs) stood at 1.17 per cent of gross advances as on March 31, 2022 as against 1.26 per cent in the same period a year ago. Similarly, the performance of HDFC Bank has also improved in the case of bad loans.

What was the NAP last quarter?
In the last quarter, the bank’s net NPAs stood at 0.32 per cent of its net advances as compared to 0.40 per cent in January-March 2021. Private sector HDFC Bank reported a 23 per cent rise in net profit at Rs 10,055 crore in the January-March 2022 quarter on a standalone basis.

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