Non-public lender HDFC Financial institution on Saturday reported an 18% leap in standalone web revenue at Rs 10,342 crore for the quarter ending December 31, 2021. The financial institution reported web revenue of Rs 8,758 crore within the year-ago interval.
The financial institution’s web revenues, the sum of NII and different earnings, elevated by 12% to Rs 26,627 crore as towards Rs 23,760.8 crore in Q3FY21.
Internet curiosity earnings, the distinction between curiosity earned and curiosity expended, grew by 13% to Rs 18,443.5 crore as in comparison with Rs 16,317.6 crore in December 2020.
On Friday, HDFC Financial institution’s scrip on BSE closed 1% greater at Rs 1,545.
The financial institution’s provisions fell 12% to Rs 2,994 crore as in comparison with Rs 3,414 crore in December 2020.
HDFC Financial institution’s gross NPAs had been at 1.26% of gross advances as on December 31, 2021, as towards 1.35% as on September 30, 2021. Internet NPAs had been at 0.37% of gross advances as in comparison with 0.4% in September quarter.
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