For Quick Alerts
For Daily Alerts

HDFC Bank Q4 net profit at Rs 1,889 crore; meets expectations

HDFC Bank Q4 net profit at Rs 1,889 crore; meets expectation
HDFC Bank: Quotes, News
BSE 2226.00BSE Quote4 (0.18%)
NSE 2225.85NSE Quote5.25 (0.24%)
HDFC Bank, the second largest private sector bank in India, has reported rise 30% in its net profit at Rs 1889 crore, in line with expectations.

The net NPA stood unchanged at 0.2%. The banks Net Interest Margin stood at 4.5% against 4.3% on quarter-on-quarter basis.

Net interest income for the this quarter came in above estimates at Rs 4,290 crore against Rs. 3,388.31 crore during the same quarter in the previous period.

The bank's Board today recommended an increase in dividend to Rs 5.50 per equity share of the face value of Rs 2, up from Rs 4.30 per share last year.

Shares of the company were seen trading lower by 1.64% at Rs 687 on BSE at 2.40 pm IST, as investors remained concerns over valuations. The stock touched an intra-day high of Rs 704 and low of Rs 682 during the trade.

Read more about: hdfc bank
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more