Personal-sector lender HDFC Financial institution Saturday reported a 20.1 per cent bounce in its standalone web revenue at Rs 10,605.8 crore within the second quarter ended September 2022 as in opposition to Rs 8,834.3 crore within the year-ago quarter.
On a consolidated foundation, its web revenue stood at Rs 11,125 crore, up 22.3 per cent, from Rs 9,096.19 crore in the identical interval of the earlier fiscal.
Within the half yr ended September 2022, the lender’s standalone web revenue jumped by 19.5 per cent to Rs 19,801.8 crore in comparison with Rs 16,563.9 crore within the corresponding interval of the earlier fiscal.
Through the September quarter, web curiosity earnings (NII), which is the distinction between the curiosity earned and curiosity expended, grew by 18.9 per cent to Rs 21,021.2 crore from Rs 17,684.4 crore in the identical interval of final yr.
Gross non-performing belongings (GNPAs) confirmed slight enchancment at 1.23 per cent of gross advances from 1.35 per cent in September 2021. Web NPAs stood at 0.33 per cent from 0.4 per cent.
Within the reporting quarter, provisions and contingencies have been Rs 3,240.1 crore as in opposition to Rs 3,924.7 crore in September 2021.
Its whole capital adequacy ratio (CAR) was at 18 per cent within the second quarter as in opposition to a regulatory requirement of 11.7 per cent. Tier 1 CAR stood at 17.1 per cent and customary fairness tier 1 capital ratio was at 16.3 per cent. The lender raised further tier 1 bonds of Rs 3,000 crore within the quarter.
Whole advances grew 23.4 per cent to Rs 1,479,873 crore. Home retail loans grew by 21.4 per cent, industrial and rural banking loans grew by 31.3 per cent and company and different wholesale loans grew by 27 per cent. Whole deposits confirmed a wholesome enhance of 19 per cent at Rs 1,673,408 crore within the quarter. CASA (present account financial savings account) deposits grew by 15.4 per cent with financial savings account deposits at Rs 529,745 crore and present account deposits at Rs 229,951 crore.
HDFC Ltd-HDFC
Financial institution merger
The Nationwide Firm Legislation Tribunal (NCLT) has directed HDFC Financial institution and HDFC Restricted to convene conferences of their fairness shareholders on November 25, 2022 for contemplating the proposed merger of the 2 entities. The inventory exchanges, the Reserve Financial institution of India and the Competitors Fee of India have already given in-principle approval for the amalgamation.