www.livemint.com Open in urlscan Pro
2a02:26f0:7100:184::1833  Public Scan

Form analysis
1 forms found in the DOM

Name: form1 — #

<form name="form1" action="#"> <input type="text" name="emailSso_11618650754419" id="emailSso_11618650754419" class="inputemail" placeholder="Enter email address" onkeyup="manage(this,11618650754419)"> <input type="button"
    id="btSubmit_11618650754419" value="Subscribe" disabled="" class="subscribeBtn" onclick="ValidateEmail('emailSso_11618650754419')"> </form>

Text Content

Explore
Sign in Subscribe Subscribed e-paper

Saturday, 17 April 2021


Subscribe

Search
My Reads

e-paper
New

Notifications

Newsletters

IFSC Code Finder
New
Top Sections
 * News
 * Companies
   
   * News
   * Start-ups
   * Company Results
   * People
 * Technology
   
   * Gadgets
   * Tech Reviews
   * App News
   * Foldable Smartphones
   * 5G Tech
 * Markets
   
   * Stock Markets
   * Commodities
   * Mark To Market
   * IPO
   * Live Blog
 * Money
   
   * Personal Finance
   * Q&A
 * Mutual Funds
   
   * Mint 50 - Top Mutual Funds
   * News
 * Insurance
 * Lounge
   
   * Features
   * Business of Life
 * Opinion
   
   * Views
   * Columns
   * Blogs
 * Budget 2021
   
   * Budget News
   * Budget Expectations
   * Budget Videos
   * Opinion
 * Auto News
 * Sports
 * Industry
   
   * Banking
   * Infotech
   * Infrastructure
   * Agriculture
   * Manufacturing
   * Energy
   * Retail
 * Videos
   
   * India Investment Summit
   * Annual Banking Conclave
   * Mint Explainers
   * Market Analysis
   * Why Not Mint Money
   * Business of Entertainment
   * Long Story Capsule
   * Mint Views
   * Start-Up Diaries
   * Money With Monika
   * Mint Insight
   * Digital Gurus
   * Brand Masters
 * Politics
 * Education
 * Brand Post
   
   * Market Dashboard
 * Brand Stories

Explore Mint
 * About Us
 * Contact Us
 * SITEMAP
 * Terms of Use
 * Subscriber - Terms of Use
 * Cookie Policy
 * Print Subscription
 * Privacy Policy
 * Disclaimer
 * Mint Code
 * Code of ethics
 * Mint Apps
 * LM Brand Stories
 * Mint Events

Copyright © HT Digital Streams Limited All rights reserved.
"storyDirectUrl"
OPEN APP

HomeLatest TrendingPremium
Elections 2021CoronavirusMarket DashboardLong StoryPlain FactsCoronavirus
Vaccine TrackerMark To MarketPrimerPodcasts e-paper Get APP
Home >Companies >News >HDFC Bank Q4 results: Net profit rises 18% to ₹8,186 cr


HDFC BANK Q4 RESULTS: NET PROFIT RISES 18% TO ₹8,186 CR

Premium(Bloomberg) 2 min read . Updated: 17 Apr 2021, 02:52 PM IST Edited By
Aparna Banerjea

HDFC Bank decides against giving out dividend for FY21 due to second wave of
COVID-19

Share Via
Read Full Story


Private lender HDFC Bank on Saturday announced that its net profit rose 18.1% to
₹8,186.51 crore for the quarter ended 31 March, 2021. The Bank had posted a net
profit of ₹6,927.69 crore in the year-ago period.

The Net Interest Income (NII) rose 12.6% to ₹17,120 crore in this quarter. It
was ₹15,204 crore in the quarter ended 31 March, 2020.

However, sequentially, the standalone net profit declined 6.5% to ₹8,758.29
crore in the December quarter.

HDFC Bank's gross non-performing assets (NPAs) rose 1.32% year-on-year as
against 1.26%. The net NPAs stood at 0.40% as against 0.36% in the year-ago
period.

The lender's net interest margin for Q4FY21 stood at 4.2% as against 4.3% in
March 31, 2020 quarter. Moreover, the deposits are up 16.3% YoY while advances
are up 14% YoY.

The bank's CASA ratio stood at 46.1% YoY as against 42%. Provisions are up 24%
to ₹4,693.7 crore as compared with the year-ago period.

However, due to uncertainty created by the second wave of novel coronavirus, the
lender said that its Board has decided against giving out dividend for FY21.

"The impact of COVID-19, including changes in customer behaviour and pandemic
fears, as well as restrictions on business and individual activities, has led to
significant volatility in global and Indian financial markets and a significant
decrease in global and local economic activities. The slowdown during the year
led to a decrease in loan originations, the sale of third party products, the
use of credit and debit cards by customers and the efficiency in collection
efforts. This may lead to a rise in the number of customer defaults and
consequently an increase in provisions there against," the private lender said
in a regulatory filing.

Addressing the massive surge of novel coronavirus cases in the country, HDFC
Bank states, "The extent to which the COVID-19 pandemic, including the current
“second wave" that has significantly increased the number of cases in India,
will continue to impact the Bank's results will depend on ongoing as well as
future developments, which are highly uncertain, including, among other things,
any new information concerning the severity of the COVID-19 pandemic and any
action to contain its spread or mitigate its impact whether government-mandated
or elected by us."

Shares of HDFC Bank closed at ₹1,428.45 on the BSE on Friday, down 0.12% from
its previous close.

HDFC Bank recently informed the stock exchanges that its deposit base rose to
about ₹13.35 trillion as on 31 March, registering a growth of around 16.3% on a
year-on-year (y-o-y) basis. The bank said its low-cost current account and
savings account (Casa) deposits grew 27% y-o-y to ₹6.15 trillion in Q4.


Share Via
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.


Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in
your Telegram and stay updated with the latest business news.



Close






No Network
Server Issue
Internet Not Available



WAIT FOR IT…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

WAIT FOR IT…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some
to bookmark this image.

Your session has expired, please login again.

Yes, Continue


CONGRATULATIONS!

You are now subscribed to our newsletters. In case you can’t find any email from
our side, please check the spam folder.


×

×

Edit Profile

My ReadsRedeem a Gift CardLogout



THIS SITE USES COOKIES

Welcome to the Livemint Website. This site and its partners use technology such
as cookies to personalise content and ads and analyse traffic. Please enable
cookies in your browser, in case they are disabled. If you continue to browse
and use this site, you are agreeing to comply with terms and conditions
specified in our Privacy Policy, which shall govern our dealings with you in
relation to this site.

You may choose not use our sites and may choose to exit/logout If you disagree
with any part of the Privacy Policy. You can change your mind and revisit your
choices anytime in future. Livemint may amend the Privacy Policy at any time by
posting the amended Privacy Policy on the site.

I agree to the Privacy Policy and hereby also confirm that I am 16 years or
above in age.

I Agree