Despite the contraction within the financial system triggered by the pandemic, HDFC Bank on Saturday reported a web revenue of Rs 8,758.3 crore for the third quarter ended December 2020, an increase of 18.1 per cent from Rs 7,416.48 crore within the quarter ended December 2019.
The financial institution’s web revenues (web curiosity earnings plus different earnings) grew to Rs 23,760.8 crore for the quarter from Rs 20,842.2 crore in the identical quarter a 12 months in the past. While advances progress was at 15.6 per cent, core web curiosity margin for the quarter was 4.2 per cent. “The bank’s persistent focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 146 per cent, well above the regulatory requirement,” the financial institution mentioned.
Gross and web non-performing belongings had been at 0.81 per cent of gross advances and 0.09 per cent of web advances as of December 2020, respectively. The restructuring below the RBI decision framework for Covid-19 was roughly 0.5 per cent of advances, it mentioned.
Provisions and contingencies for the December quarter had been Rs 3,414.1 crore (consisting of particular mortgage loss provisions of Rs 691.2 crore and common and different provisions of Rs 2,722.9 crore) as towards Rs 3,043.6 crore (particular mortgage loss provisions of Rs 2,883.6 crore and common and different provisions of Rs 159.9 crore) for the quarter ended December 2019.
As of final December, complete stability sheet dimension was Rs 16,54,228 crore as towards Rs 13,95,336 crore, a progress of 18.6 per cent.
Total advances as of December 2020 had been Rs 10,82,324 crore, a rise of 15.6 per cent over December 2019. Domestic advances grew by 14.9 per cent over December 2019. As per regulatory section classification, home retail loans grew by 5.2 per cent and home wholesale loans grew by 25.5 per cent.
