{"id":36308,"date":"2023-01-14T15:11:00","date_gmt":"2023-01-14T09:41:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-results-hdfcbank\/"},"modified":"2023-01-14T15:08:48","modified_gmt":"2023-01-14T09:38:48","slug":"biz-results-hdfcbank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-hdfcbank\/","title":{"rendered":"HDFC Bank Q3 Results: Standalone net profit rises 18.5%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2964587614\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The country&#8217;s largest private sector lender HDFC Bank on Saturday reported an 18.5 per cent increase in its standalone net profit at Rs 12,259.5 crore for the third quarter ended December 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-398504834\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The bank had earned a net profit of Rs 10,342.2 crore in the corresponding quarter of the previous fiscal year.<\/p><p>Total income on a standalone basis rose to Rs 51,207.61 crore in the October-December quarter of FY23, as against Rs 40,651.60 crore in the same period of the previous financial year, HDFC Bank said in a regulatory filing.<\/p><p>On the asset quality side, bank&#8217;s gross non-performing assets (NPAs) remained flat at 1.23 per cent of gross advances as of December 30, 2022.<\/p><div class=\"trade-content_5\" id=\"trade-3016717634\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Net NPAs too was flat at 0.33 per cent as compared to 0.37 per cent at the end of December 2021.<\/p><p>Provisions and contingencies for the quarter ended December 31, 2022 were Rs 2,806.4 crore as against Rs 2,994 crore for the year-ago quarter, it said.<\/p><p>Net interest income (interest earned less interest expended) for the quarter ended December 31, 2022 grew by 24.6 per cent to Rs 22,987.8 crore from Rs 18.443.5 crore for the quarter ended December 31, 2021, it said.<\/p><p>Core net interest margin was at 4.1 per cent on total assets, and 4.3 per cent based on interest earning assets. PTI DP HVA<\/p><div class=\"trade-after-content\" id=\"trade-2803420633\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The country&#8217;s largest private sector lender HDFC Bank on Saturday reported an 18.5 per cent increase in its standalone net profit at Rs 12,259.5 crore for the third quarter ended December 2022. The bank had earned a net profit of Rs 10,342.2 crore in the corresponding quarter of the previous fiscal year. Total income on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31,1789],"tags":[],"class_list":["post-36308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDFC Bank Q3 Results: Standalone net profit rises 18.5%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-hdfcbank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC Bank Q3 Results: Standalone net profit rises 18.5%\" \/>\n<meta property=\"og:description\" content=\"The country&#8217;s largest private sector lender HDFC Bank on Saturday reported an 18.5 per cent increase in its standalone net profit at Rs 12,259.5 crore for the third quarter ended December 2022. 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