HDFC Bank on Saturday posted a 6.6 per cent increase in standalone profit at Rs 17,616 crore in the fourth quarter of 2024-25. The country's biggest private sector lender had earned a net profit of Rs 16,512 crore in the same quarter a year ago. Total income increased to Rs 89,488 crore during the quarter under review, as against Rs 89,639 crore in the same period of last year, HDFC Bank said in a regulatory filing. The bank reported interest income of Rs 77,460 crore during the January-March quarter of 2024-25, compared to Rs 71,473 crore in the same period a year ago. The board of the bank recommended a dividend of Rs 22 per equity share of Re 1 each for the year ended March 31, 2025. As regards asset quality, the bank witnessed slight deterioration, with gross Non-Performing Assets (NPAs) rising to 1.33 per cent of the gross loans by the end of March 2025, from 1.24 per cent a year ago. Similarly, net NPAs or bad loans rose to 0.43 per cent, from 0.33 per cent at the end of th
The bank's NII was up a little over 10 per cent Y-o-Y at Rs 32,065.8 crore in the reporting quarter
On the net interest income (NII) front, analysts remain divided and see the growth between -7.6 per cent and 9 per cent Y-o-Y.
Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI
Technically, the stock is placed above key moving averages, backed by a favourable price-to-moving averages action on daily chart. On the upside, the stock can potentially zoom to ₹ 2,100 levels.
However, one should avoid keeping excessive funds in savings accounts
HDFC Bank had earlier revised savings deposit rates by 25 bps; ICICI Bank yet to cut savings deposit rates
HDFC Bank stock was trading at ₹1.869.20, up 3.45 per cent from Friday's close of ₹1,806.75 on the National Stock Exchange
For balances above Rs 50 lakh, the interest rate has been lowered to 3.25 per cent, down from 3.5 per cent
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As a result, HDFC Bank's credit-deposit (CD) ratio declined to 97 per cent at the end of March 2025, a drop of 800 basis points (bps) since March 2024
In Q4, the bank's period-end deposits were ₹27,14,500 crore as of March 31, 2025, a growth of around 14.1 per cent over ₹23,79,800 crore as of March 31, 2024
The bank has securitised Rs 57,000 crore of loans in FY25, and in Q4 alone, the bank has securitised Rs 10,700 crore of loans
Now, the bank is offering a 7 per cent interest rate on deposits of up to Rs 3 crore for 35-month and 55-month tenures
The combined market valuation of eight of the top-10 most-valued firms climbed Rs 88,085.89 crore last week, with HDFC Bank leading the pack of gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark gauge climbed 509.41 points, or 0.66 per cent. From the top-10 pack, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC were the gainers, while Reliance Industries and Infosys faced erosion from their market valuation. HDFC Bank added Rs 44,933.62 crore, taking its valuation to Rs 13,99,208.73 crore. The market capitalisation (mcap) of State Bank of India jumped Rs 16,599.79 crore to Rs 6,88,623.68 crore. The valuation of TCS rallied Rs 9,063.31 crore to Rs 13,04,121.56 crore while that of ICICI Bank was up Rs 5,140.15 crore to Rs 9,52,768.61 crore. The mcap of ITC soared Rs 5,032.59 crore to Rs 5,12,828.63 crore and that of Hindustan Unilever climbed Rs 2,796.01 crore to R
Grocery, fuel and utilities are among the top spend categories for the credit card
According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its assessment and risk perception
HDFC Bank stock has confirmed a breakout from a descending trendline, signaling the end of its corrective phase and the start of a fresh upward move
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
Private banks, non-banking financial companies (NBFCs), healthcare, telecom, and metals were preferred sectors by mutual funds