HDFC Bank PAT up 12% at 18k cr

Bank declares maiden bonus shares in 1:1 ratio, and an interim dividend of ₹5 per share

- BENN KOCHUVEEDAN

THE largest private sector lender HDFC Bank has reported a Street-beating 12.24% year-on-year growth in net profit at ₹18,155 crore for the June quarter helped by good performance across all key metrics, and a ₹10,000-crore one-time income from the initial public offer (IPO) of its non-bank subsidiary last month.

The second largest lender with close to ₹40 lakh crore balance sheet also declared maiden bonus shares at the rate of 1:1 and an interim dividend of ₹5 per share.

Total income rose to ₹99,200 crore from ₹83,701 crore in the reporting period of which net interest income came in at ₹31,438 crore, up 5.4%.

On a consolidated basis, total income rose to ₹1.33 lakh crore from ₹1.17 lakh crore a year ago.