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NEWS RELEASE |
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HDFC Bank Ltd. HDFC Bank House,
Senapati Bapat Marg, Lower Parel,
Mumbai - 400 013.
CIN: L65920MH1994PLC080618 |
Other income (non-interest revenue) for the quarter ended
September 30, 2023 was ₹ 10,708 crore as against ₹ 7,596 crore in the corresponding quarter ended September 30, 2022. The four components of other income for the quarter ended September 30, 2023 were fees & commissions of ₹ 6,936 crore (₹ 5,803
crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of ₹ 1,221 crore (₹ 1,082 crore in the corresponding quarter of the previous year), net trading and mark to market gain of ₹ 1,041 crore (loss of
₹ 387 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend, of ₹ 1,510 crore (₹ 1,098
crore in the corresponding quarter of the previous year).
Operating expenses for the quarter ended September 30, 2023 were ₹ 15,399 crore, an increase of 37.2% over
₹ 11,225 crore during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 40.4%.
Pre-provision
operating profit (PPOP) at ₹ 22,694 crore grew by 30.5% over the corresponding quarter of the previous year.
Provisions and contingencies for the quarter ended September 30, 2023 were ₹ 2,904 crore as against ₹ 3,240 crore for the quarter ended September 30,
2022.
The total credit cost ratio was at 0.49%, as compared to 0.87% for the quarter ending September 30, 2022.
Profit before tax (PBT) for the quarter ended September 30, 2023 was at ₹ 19,790 crore. After providing ₹ 3,814 crore for taxation, the Bank earned a net
profit of ₹ 15,976 crore, an increase of 50.6% over the quarter ended September 30, 2022.
Balance Sheet: As of September 30, 2023
Total
balance sheet size as of September 30, 2023 was ₹ 34,16,310 crore as against ₹ 22,27,893 crore as of September 30, 2022.
Total Deposits showed a healthy growth of approximately
₹ 1.1 lac crore during the quarter post merger, and were at ₹ 21,72,858 crore as of September 30, 2023, an increase of 29.8% over September 30, 2022. CASA deposits grew by 7.6% with savings account deposits at ₹ 5,69,956 crore and current account deposits at
₹ 2,47,749 crore. Time deposits were at
₹ 13,55,153 crore, an increase of 48.3% over the corresponding quarter of the previous year, resulting in CASA deposits comprising
37.6% of total deposits as of September 30, 2023.