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HDFC Bank's profit increased by 6.7% on an annual basis, ICICI and Yes Bank gave this information
Q4 Results: On Saturday, three big private sector banks of the country released their results. HDFC Bank has reported a 6.7% increase in its annual profit. How were the results of ICICI Bank and Yes Bank? Let's know.
India's largest private sector bank declared its results on Saturday. In announcing fourth-quarter results for FY25, HDFC Bank has stated that it has reported a profit of Rs 17,616 crore, up 6.7% compared to last year. The bank's net interest income (NII) has risen by 10.3% to Rs 32,070 crore over this period compared to last year.
On Saturday, ICICI Bank declared a 15.7% increase in consolidated net profit at Rs 13,502 crore for the March quarter. The net profit of the second-biggest private-sector lender grew 18% to Rs 12,630 crore for the January-March period on a standalone basis. Its net profit for the same period last year was at Rs 10,708 crore.
The bank's core net interest income (NII) rose 11% to Rs 21,193 crore from Rs 19,093 crore in the same quarter a year ago. Non-interest income, excluding treasury, rose 18.4% to Rs 7,021 crore. Provisions stood at Rs 891 crore in the March quarter as against Rs 718 crore in the same quarter a year ago. The gross non-performing asset ratio increased from 1.96 percent in December 2024 to 1.67 percent by the end of March 2025.
