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HDFC Bank profit up 6.7% at ₹17,616 cr
The New Indian Express Kochi
|April 20, 2025
ICICI Bank profit jumps 18% to ₹12,630 crore, driven by rise in margins; beats Street estimates
THE largest private sector lender, HDFC Bank, on Saturday reported Street-beating numbers. The bank reported a 6.7% year-on-year growth in standalone net profit at ₹17,616 crore for the fourth quarter of financial year 2024-25.
On a sequential basis, the bank's net profit rose 5.3%. The better-than-expected numbers are driven by better asset quality, and a drop in provisions and contingencies from a high ₹13,510 crore in March 2024 to a low ₹3,190 crore in the reporting quarter.
Gross non-performing assets (NPAs) fell to 1.33% in March 2025, from 1.42% in December 2024. However, it expanded from 1.24% a year ago. Net NPAs stood at 0.43% as against 0.46% in a quarter ago period and 0.33% the previous year.
In absolute terms, gross NPAs fell to ₹35,222.64 crore as against ₹36,018.58 crore in December 2024 and from ₹31,173.32 crore in March 2024, Srinivasan Vaidyanathan, chief financial officer of the bank, told reporters on a concall on Saturday.
He, however, refused to offer any outlook on loan, deposit or margin growth, saying they will grow with the industry or marginally higher depending on how the market demands.
This story is from the April 20, 2025 edition of The New Indian Express Kochi.
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