Stock Market

PPP increased 14.4% YoY at Rs 18,621 crore. Provisions and contingencies were  Rs 2,685.4 crore,  down from Rs 3,312.4 crore a year earlier. HDFC Bank Ltd.’s  March quarter net profit rose almost  20% to  Rs 12,047 crore on Saturday. Revenue rose 31% at Rs 53,851 crore. HDFC paying a final dividend The board authorised a final dividend of Rs 19 per share. Seven brokerages  anticipated the lender’s  net profit would grow 21% to Rs 12,180 crore. HDFC Q4 results 2023 For the March quarter, net interest income rose 24% to Rs 23,352 crore. Core net interest margin was 4.1% on total assets and 4.3% on interest-earning assets. In the quarter, other income grew 27% to Rs 8,731 crore, helping the bank’s bottom line. PPP increased 14.4% YoY at Rs 18,621 crore. Provisions and contingencies were Rs 2,685.4 crore, down from Rs 3,312.4 crore a year earlier. Private lenders have steady asset quality. March’s gross non-performing assets ratio was 1.12%, down from 1.23% a quarter earlier and 1.17% a year earlier. Net non-performing assets were 0.27% at March-end, down from 0.33%  a quarter earlier and  0.32% a year earlier. The capital adequacy ratio rose to 19.26% on March 31 from 18.90% a year earlier and 17.66% a quarter earlier. BANK’s Other Valuations Bank’s deposits rose 21% to Rs 18.83 lakh crore as of March 31. Savings account deposits increased 11.3% to Rs 5.62 lakh crore and current account deposits at Rs 2.73 lakh crore. Advances jumped 17% to Rs 16 lakh crore on March 31. Domestic retail loans rose 21%,  commercial  and rural banking loans 30%, and corporate and other wholesale loans 12.6%. 2.6% were overseas advancements. Bank Results Analysis HDFC Securities struggled in volatile markets throughout the quarter. Revenue fell from Rs 510 crore to Rs 486 crore. Profit after tax fell to 194 crore from 236 crore a year earlier. HDB Financial Services, a non-deposit-taking non-banking financing subsidiary  of HDFC Bank, recorded a roughly  6%…

According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession later this year. Fed data According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession…

The largest gold lender in Kerala, Muthoot Finance, announced an interim dividend of 220% for the fiscal year (FY) 22–23 on Thursday at Rs 22 per share with a Rs 10 face value. The entire distribution of dividend The entire distribution for the interim dividend would be Rs 883.19 crore. The business went public in…