HDFC Bank records 55.4% YoY growth in gross advances in Q4FY24
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
It was a wild, volatile and eventful week which got extended into Saturday as well. Expiry happened on February 29, which was a leap day and till that event was over, markets were trading in negative territory for the week.
Post this report, the shares of HDFC Bank gained nearly 1 per cent to Rs 1,424 per share on Friday.
Parivartan runs several social interventions across the state through its five pillars: Rural Development, Promotion of Education, Skill Training & Livelihood Enhancement, Healthcare & Hygiene, and Financial Literacy & Inclusion.
The country’s leading bank ranked 2nd in Advances and tops in MSME Advances.
Private sector lender HDFC Bank on Saturday said its consolidated net profit surged by 22.3 per cent to Rs 11,125…
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
"The mega-merger news of the HDFC twins and the rare sight of a 15 per cent up-move in them today at a point in time propelled benchmark indices 2.5 per cent higher with good support from metal stocks," said S. Ranganathan, Head of Research at LKP securities.
Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata Steel and Kotak Bank were among the gainers.
Its core net interest income grew 8.57 per cent to Rs 17,009 crore on advances growth of 14.4 per cent and the net interest margin coming at 4.1 per cent, while the other income grew 54.3 per cent to Rs 4,075 crore.
