New Delhi, April 21 -- HDFC Bank share price gained over a percent on Monday after the private sector lender reported strong Q4 results. HDFC Bank shares rose as much as 1.85% to Rs.1,941.95 apiece on the BSE.
The largest private sector lender in the country, HDFC Bank reported a net profit of Rs.17,616 crore in the fourth quarter of FY25, registering a growth of 6.7% year-on-year (YoY), while its net interest income (NII) increased 10.3% YoY to Rs.32,070 crore. The bank's net interest margin (NIM) stood at 3.54% on total assets and 3.73% based on interest-earning assets.
The bank's asset quality improved on a sequential basis. The board of HDFC Bank also recommended a dividend of Rs.22 per share FY25.
Analysts were impressed by HDFC B...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.