New Delhi, July 20 (UNI) India’s leading private lender HDFC Bank on Saturday reported over 33 per cent jum in net profit at Rs 16474.85 crore during Q1 (April-June) period of current fiscal y-o-y basis as compared to Rs 12370.38 crore in the same quarter of 2023-24 fiscal.
Bank’s interest income stood at Rs 81546.20 crore during the quarter compared to Rs 51168.14 crore, the Bank said in a regulatory filing with the stock exchanges.
Gross non-performing assets were at 1.33 per cent of gross advances as on June 30, 2024 (1.16 per cent excluding NPAs in the agricultural segment), as against 1.24 per cent as on March 31, 2024 (1.12 per cent excluding NPAs in the agricultural segment), and 1.41 per cent on a proforma merged basis as on July 01, 2023 (1.25 per cent excluding NPAs in the agricultural segment). Net non-performing assets were at 0.39 per cent of net advances as on June 30, 2024.
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.3 per cent as on June 30, 2024 (18.9 per cent as on June 30, 2023) as against a regulatory requirement of 11.7 per cent.
Tier 1 CAR was at 17.3 per cent and Common Equity Tier 1 Capital ratio was at 16.8 per cent as of June 30, 2024.
In terms of network of the Bank, as of June 30, 2024, it’s distribution network was at 8,851 branches and 21,163 ATMs across 4,081 cities / towns as against 7,860 branches and 20,352 ATMs across 3,825 cities / towns as of June 30, 2023.
The Bank said that 52 per cent of its branches are in semi-urban and rural areas.
In addition, it has 15,146 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,13,069 as of June 30, 2024 (as against 1,81,725 as of June 30, 2023).
