HDFC Bank reports 37.05 per cent jump in its standalone net profit to Rs 16,511.85 crore for January-March 2024
HDFC Bank, India’s largest private sector lender, on Saturday reported a 37.05 per cent jump in its standalone net profit to Rs 16,511.85 crore for January-March 2024 (Q4 FY24).
Read More:- India Growing When World Is In Stress: CII President-Designate Sanjiv Puri
Its net interest income (interest earned less interest expended) during the quarter ended March 31, 2024, grew 24.51 per cent to Rs 29,076.82 crore, from Rs 23,351.83 crore a year ago, according to a BSE filing.
On a consolidated basis, HDFC Bank’s net profit stood at Rs 17,622.38 crore, surged 39.92 per cent as against Rs 12,634.01 crore in the quarter ended March 31, 2023, according to a BSE filing.
Read More:- Gold Rate Falls In India: Check 22 Carat Price In Your City On April 20
HDFC Bank also declared a dividend of Rs 19.50 per equity share. “The Board of Directors, at its meeting held today, has recommended a dividend of Rs 19.50 per equity share of Re 1 each fully paid up (i.e. 1,950 per cent) out of the net profits for the year ended March 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank,” it said in the filing.
The record date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, May 10, 2024.
