HDFC Bank's Q4 results reveal a 37% profit jump, dividend announcement, and significant deposit growth. Read more about the impressive performance! #HDFCBank #Q4Results #FinanceNews
In the latest round of quarterly financial reports, HDFC Bank has outshone with remarkable achievements. The bank declared a dividend of ₹19.50 per equity share, delighting its shareholders. Not stopping there, HDFC Bank reported a staggering 37% rise in net profit, reaching an impressive ₹16512 crore for the fourth quarter of FY24. Boosted by trading gains and robust credit performance, the bank's net interest income soared by 24.5% in the March quarter, showcasing its financial strength and stability.
In addition to the profit surge, HDFC Bank saw significant growth in its total deposits, which stood at an impressive ₹23.79 lakh crore. This increase in deposits, coupled with advances of ₹25.07 lakh crore, paints a positive picture of the bank's robust operations and customer trust. As HDFC Bank continues to excel in the competitive banking sector, its performance in the financial landscape remains a beacon of stability and growth.
Interesting Fact: HDFC Bank's net interest income grew by 24.5% in the March quarter, reflecting its successful strategies in managing interest earnings.
Interesting Fact: HDFC Bank's Q4 results mark a significant milestone in its financial journey, showcasing consistent growth and profitability in a dynamic market environment.
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Q4 Results: HDFC Bank reports 37 per cent rise in its net profit at ₹16512 crore for the fourth quarter of FY24.
HDFC Bank Q4 result: Boosted by trading gains and robust credit performance, HDFC Bank's net interest income rose 24.5% in the March quarter, ...
Total deposits of the lender stood at Rs 23.79 lakh crore, compared to advances of Rs 25.07 lakh crore during the quarter ended March 31, 2024.
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