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.
Private sector lender Yes Bank on Saturday released its March quarter results. According to the data, the bank's standalone profit grew 63.3% year-on-year to Rs 738 crore. The bank's net interest income (NII) grew 5.7% year-on-year to Rs 2,276.3 crore. Net profit and NII - both these figures were better than market estimates. Every quarter, the bank's interest income grew 2.3% year-on-year to Rs 7,616 crore. The bank's net NPA (non-performing asset) declined from 0.5% to 0.3% quarter-on-quarter. Yes Bank's gross NPA remained stable sequentially at 1.6%.
