India’s HDFC Bank net profit up 18.3% in Q4

Net interest income and fee income rose to INR6,052.6 crore during the quarter..

India’s HDFC Bank reported an 18.3% rise in net revenue to INR31,487.7 crore in Q4 2022, according to its latest financial report.

The bank’s net interest income for the quarter grew by 24.6% to INR22,987.8 crore, HDFC Bank reported. Core net interest margin was at 4.1% on total assets, and 4.3% based on interest earning assets.

Fees and commissions rose to INR6,052.6 crore in Q4 2022, from INR5,075.1 crore in Q4 2021.

Foreign exchange and derivatives revenue also rose to INR1,074.1 crore from INR949.5 crore over the same period of comparison.

In contrast, net trading and mark-to-market income fell to INR261.4 crore from INR1,046.5 crore in Q4 2021.

Other income, excluding net trading and mark to market income, grew by 15.4% over the quarter that ended 31 December, HDFC Bank said.

Operating expenses rose 26.5% to INR12,463.6 crore compared to the same period the previous year. Cost-to-income ratio in Q4 2022 was 39.6%.

Follow the link for more news on

HDFC Bank

HDFC profit

Also Read

VPBank’s asset quality at risk amidst housing slowdown

Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit