News > HDFC Bank standalone net profit rises 18 percent to Rs 10,342 cr in December quarter

HDFC Bank standalone net profit rises 18 percent to Rs 10,342 cr in December quarter

Indian Express | 15/01/2022 06:28 PM | Click to read full article

The country’s largest private-sector HDFC Bank on Saturday reported an 18.1 percent rise in its standalone net profit at Rs 10,342.20 crore for the quarter ended December 2021, helped by healthy non-interest income and a fall in bad loans provisioning.

The bank had registered a net profit of Rs 8,758.29 crore in the corresponding quarter of the last fiscal year. Net interest income (interest earned minus interest expended) rose by 13 percent to Rs 18,443.50 crore from Rs 16,317.60 crore.