HT Bureau
GUWAHATI, April 16: HDFC Bank earned a net profit of Rs 10,055.2 crore, an increase of 22.8% over the quarter ended March 31, 2021, after providing Rs 2,989.5 crore for taxation. Profit before tax (PBT) for the quarter ended March 31, 2022, at Rs 13,044.7 crore grew by 20.3% over the corresponding quarter of the previous year.
The Bank’s net revenues (net interest income plus other income) increased by 7.3% to Rs 26,509.8 crore for the quarter ended March 31, 2022, from Rs 24,714.1 crore for the quarter ended March 31, 2021. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2022, grew by 10.2% to Rs 18,872.7 crore from Rs 17,120.2 crore for the quarter ended March 31, 2021. The bank added 563 branches and 7167 employees during the quarter and 734 branches and 21,486 employees during the year. Total deposits as of March 31, 2022, were Rs 15,59,217 crore, an increase of 16.8% over March 31, 2021.
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The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.9% as of March 31, 2022 (18.8% as of March 31, 2021) as against a regulatory requirement of 11.7% which includes a Capital Conservation Buffer of 2.5%, and an additional requirement of 0.2% on account of the Bank being identified as a Domestic Systemically Important Bank (D-SIB). Net non-performing assets were at 0.32% of net advances as of March 31, 2022. The number of employees was at 1,41,579 as of March 31, 2022 (as against 1,20,093 as of March 31, 2021).
