[
“We wish to inform you that a meeting of the Board of Directors of HDFC Bank Limited will be held on Saturday, October 19, 2024, to inter-alia consider the unaudited standalone and consolidated financial results of the Bank for the quarter and half year ending September 30, 2024,” said the company in its filing to the exchanges.
The bank had announced its previous quarter results earlier in July wherein it had reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the lender in the year-ago period.
Also read: Got lucky in Bajaj Housing IPO? Analysts suggest to hold it for long-term
The interest earned by the largest private lender stood at Rs 73,033 crore in the reported quarter versus Rs 48,587 crore in the corresponding quarter of the previous financial year. It was up by 50% on a YoY basis.Meanwhile, the gross non-performing assets were reported at Rs 1.33% of gross advances as of June 30, 2024, versus 1.24% as of March 31, 2024. Net non-performing assets (NNPA) were at 0.39% of net advances as of June 30, 2024.
As of June 30, 2024, the bank’s distribution network was 8,851 branches and 21,163 ATMs across 4,081 cities as against 7,860 branches and 20,352 ATMs across 3,825 cities as of June 30, 2023.
The shares of HDFC Bank were trading flat with a positive bias at Rs 1,671.15 on BSE around 1 pm today.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
https://img.etimg.com/thumb/msid-113389458,width-1200,height-630,imgsize-10094,overlay-etmarkets/photo.jpg
https://economictimes.indiatimes.com/markets/stocks/news/hdfc-bank-announces-board-meeting-on-october-19-to-announce-q2-results/articleshow/113389484.cms
