In a regulatory filing,
For the first quarter HDFC Bank had provided a sum of ₹2,860.03 crore as against ₹3,187.73 crore.
The Gross Non Performing Asset (GNPA) as on June 30, 2023 stood at ₹19,064.12 crore against ₹18,033.67 as on June 30, 2022.
The net NPA as on June 30, 2023 was at ₹4,776.87 crore as against ₹4,887.73 crore as on June 30, 2022.
According to HDFC Bank, the total deposits were at about ₹19,13,096 crore logging a 19.2 per cent growth over previous year corresponding period.
The bank's advances portfolio as on June 30, 2023 stood at ₹16.15,672 crore, an increase of 15.8 per cent over June 30, 2022.
Reacting to the result,
"However, there was some visibility of weak NII (net interest income) and asset quality wherein the bank's NII missed market estimates and NPAs rose marginally on a sequential basis. The improvement in profitability was on account of lower provisioning and growth in other income which had trading and mark-to-market gain and recoveries," Shah said.
"Though advances and deposits were marginally higher on a sequential basis, we feel that the merged entity will further improve the performance going forward. We expect the subdued performance of NIMs (net interest margin) in the current quarter to not continue going forward as there will be an improvement in NIMs on account of the merger which was took effect from July 01, 2023," Shah added.
Also, the subsidiaries like
These subsidiaries will get benefits of the bank's 8,500 branches plus the addition of 1,500 branches every year, thereby increasing the SOTP value of HDFC Bank, Shah added.
Be that as it may, the HDFC Bank share on Monday opened at ₹1,650 and touched a high of ₹16,82.05 and closed at ₹1,679.20.
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