Net interest income for the quarter under review grew by 13 per cent to Rs 18,443.5 crore, up from Rs 16,317.6 crore a year ago.
The results were broadly in line with market expectations, which had pegged the on-year growth in net profit at 12-18 per cent and net interest income at 11-17 per cent.
Other income or non-interest revenue came in at Rs 8,183.6 crores, accounting for 30.7 pe cent of net revenues for the quarter ended December 31, showing growth of almost 10 per cent from Rs 7,443.2 crore over the same period a year ago.
The private lender’s advances grew at 16.5 per cent on-year, while the core net interest margin was at 4.1 per cent, HDFC Bank said in a press release.
The bank’s liquidity coverage ratio was at 123 per cent for the quarter under review, well above regulatory requirements, positioning the bank favourably to capitalise on growth opportunities, it said.
In October-December, fees and commissions stood at Rs 5,075.1 crore as against Rs 4,974.9 crore a year ago, while foreign exchange and derivatives revenue clocked in at Rs 949.5 crore, up from Rs 562.2 crore over the same period a year ago.
Gain on sale or revaluation of investments was at Rs 1,046.5 crore in October-December, as against Rs 1,109 crore a year ago. Miscellaneous income, including recoveries and dividends rose sharply to Rs 1,112.5 crore in October-December from Rs 797.1 crore a year ago.
More to come…
Source: The Economic Times
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