Trending

Swiss Tech Cuts Chernobyl Radiation by 47% Without Chemicals

13 Pakistan Troops Killed in Suicide Blast in North Waziristan

Pakistan Welcomes Court of Arbitration’s Ruling on J&K Hydroelectric Projects

FPIs Infuse Over ₹13,000 Crore Into Indian Markets in a Week

Post Offices Across India to Accept Digital Payments from August

logo
  • Home
  • National
    • Economy
    • Law & Order
    • Politics
    • State News
      • North India
      • South India
      • East India
      • West India
      • Northeast India
    • Technology
    • Science
    • Health
    • Entertainment
  • International
    • Asia
    • Europe
    • Americas
    • Middle East
    • Africa
  • Business
    • Automobile
    • Finance
    • Industry
    • Markets
  • Sports
  • Home
  • National
    • Economy
    • Law & Order
    • Politics
    • State News
      • North India
      • South India
      • East India
      • West India
      • Northeast India
    • Technology
    • Science
    • Health
    • Entertainment
  • International
    • Asia
    • Europe
    • Americas
    • Middle East
    • Africa
  • Business
    • Automobile
    • Finance
    • Industry
    • Markets
  • Sports
×
Business Finance

HDFC Bank Q3 Profit Rises 2.2%, Share Price Gains

By BPN News Desk January 22, 2025

HDFC Bank, India’s largest private sector lender, has reported a 2.2% increase in its net profit for the third quarter of the financial year, reaching ₹16,735.5 crore. The announcement has bolstered investor confidence, leading to a rise in the bank’s share price during trading.

“Strong Financial Performance”

The bank’s strong quarterly performance was attributed to its robust core lending operations and steady growth in non-interest income. The management commented, “Our focus on maintaining asset quality and strengthening our retail portfolio has contributed to this quarter’s growth.”

Loan and Deposit Growth Highlights

HDFC Bank’s loan book continued to expand, registering a 15% year-on-year growth. Retail lending remained a significant driver of the increase, supported by strong demand across housing, vehicle, and personal loan segments. Deposits also witnessed a steady growth of 12%, reflecting the bank’s ability to attract and retain customers amidst a competitive banking landscape.

The lender reported a stable net interest margin, further emphasizing the resilience of its financial fundamentals despite macroeconomic uncertainties.

Asset Quality and Outlook

The bank maintained a healthy asset quality with a gross non-performing asset (NPA) ratio of 1.12%. Provisions for bad loans were reduced compared to the previous quarter, signaling improved recovery rates and a stable risk environment.

Looking ahead, the bank is optimistic about sustaining its growth trajectory, leveraging its extensive branch network and digital banking initiatives to meet the evolving needs of its customers.

Boost in Investor Confidence

HDFC Bank’s consistent performance has positively impacted its share price, which saw gains following the Q3 earnings announcement. Market analysts view the bank’s results as a testament to its strong fundamentals and efficient operational strategy.

The results reinforce HDFC Bank’s position as a leader in the Indian banking sector, setting a benchmark for sustained growth and financial stability. Investors and stakeholders are likely to closely monitor the bank’s progress as it navigates the challenges and opportunities in the current economic landscape.

BPN News Desk
+ postsBio
  • BPN News Desk
    https://bharatpulsenews.com/author/bpn-news-desk/
    Swiss Tech Cuts Chernobyl Radiation by 47% Without Chemicals
  • BPN News Desk
    https://bharatpulsenews.com/author/bpn-news-desk/
    13 Pakistan Troops Killed in Suicide Blast in North Waziristan
  • BPN News Desk
    https://bharatpulsenews.com/author/bpn-news-desk/
    Pakistan Welcomes Court of Arbitration’s Ruling on J&K Hydroelectric Projects
  • BPN News Desk
    https://bharatpulsenews.com/author/bpn-news-desk/
    FPIs Infuse Over ₹13,000 Crore Into Indian Markets in a Week

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X

Like this:

Like Loading...
Tags: HDFC Bank profit HDFC share price Q3 earnings

Post navigation

Previous Previous post:

EAM Jaishankar Engages in Bilateral Talks with US Counterparts

Next Next post:

Ajinkya Rahane Supports Rohit Sharma’s Leadership

Related Posts

Image Credit: Commons Wikimedia
Image Credit: Commons Wikimedia

Kim Accuses US of Escalating Tensions, Warns of Nuclear War

By BPN News Desk November 22, 2024

U.S. Congressman Questions Biden Administration’s Investigation into Gautam Adani

By BPN News Desk January 8, 2025

Middle Class Faces Inflation Impact Despite Tax Relief

By BPN News Desk November 19, 2024

Latest News

  • International

    Swiss Tech Cuts Chernobyl Radiation by 47% Without Chemicals

    June 28, 2025

  • International

    13 Pakistan Troops Killed in Suicide Blast in North Waziristan

    June 28, 2025

  • International

    Pakistan Welcomes Court of Arbitration’s Ruling on J&K Hydroelectric Projects

    June 28, 2025

  • Business Markets

    FPIs Infuse Over ₹13,000 Crore Into Indian Markets in a Week

    June 28, 2025

  • National

    Post Offices Across India to Accept Digital Payments from August

    June 28, 2025

  • Business Industry

    Tata Sons to Launch ₹500 Crore Trust for Air India Crash Victims’ Families

    June 28, 2025

Join Us

  • Facebook Like us on Facebook
  • Twitter Follow us on Twitter
  • Instagram Follow us on Instagram
  • Youtube Follow us on Youtube

SUBSCRIBE TO OUR NEWSLETTER

Recent Posts

  • Swiss Tech Cuts Chernobyl Radiation by 47% Without Chemicals

    June 28, 2025

  • 13 Pakistan Troops Killed in Suicide Blast in North Waziristan

    June 28, 2025

  • Pakistan Welcomes Court of Arbitration’s Ruling on J&K Hydroelectric Projects

    June 28, 2025

Trending Now

  • Live Auction Updates : IPL 2025 Mega Auction

    November 24, 2024

  • Image Credit: BCCI

    KL Rahul Eyes T20I Comeback Through Strong IPL 2025 Performance

    November 12, 2024

  • Justin Trudeau – Prime Minister of Canada

    Elon Musk Predicts Canadian PM Trudeau’s Downfall in Next Election

    November 8, 2024

Important Links

  • Advertise with Us
  • About Us
  • Privacy Policy
  • Cookies Policy

 

Bharat Pulse News is an independent news platform committed to bringing you the truth, unfiltered and unadulterated. In an era of sensationalism and clickbait, we strive to stand apart by providing factual, in-depth reporting that speaks directly to the issues that matter most to the people of India.

Post Gallery

At Bharat Pulse News, our mission is to deliver clear, unbiased, and factual news to the people of India. We are committed to transparency, integrity, and reporting without sensationalism or bias. Our goal is to empower readers with reliable information, free from clickbait and propaganda, fostering informed decision-making and promoting a more honest media landscape.

© Bharat Pulse News 2024 | A Webworks DAT Pvt Ltd Venture
%d