Wed Jan 22 18:45:40 UTC 2025: **HDFC Bank Reports Increased Profit but Rising NPAs in Q3 Results**

MUMBAI, January 22, 2025 – HDFC Bank, India’s largest private sector bank, today announced its financial results for the third quarter (October-December) of fiscal year 2025, reporting growth in both profit and revenue. However, the bank also saw an increase in provisions, net NPA (Non-Performing Assets), and gross NPA.

Net profit rose year-on-year to ₹16,735 crore (US$2.0 billion approx.), compared to ₹16,372 crore (US$1.9 billion approx.) in the same quarter last year. Net interest income (NII) increased to ₹30,653 crore (US$3.6 billion approx.) from ₹28,471 crore (US$3.4 billion approx.) in Q3 2024, although this fell slightly short of analysts’ expectations of ₹30,770 crore (US$3.7 billion approx.).

However, the bank experienced a rise in NPAs. Gross NPA increased quarter-on-quarter to 1.42% from 1.36%, while net NPA climbed to 0.46% from 0.41%. In absolute terms, net NPA rose to ₹11,587.5 crore (US$1.4 billion approx.) from ₹10,308.5 crore (US$1.2 billion approx.), and gross NPA increased to ₹36,018.6 crore (US$4.3 billion approx.) from ₹34,250.6 crore (US$4.1 billion approx.). Provisioning also increased to ₹3,154 crore (US$380 million approx.) from ₹2,700 crore (US$320 million approx.) in the previous quarter.

Deposits grew by 16% year-on-year to ₹3.36 lakh crore (US$40 billion approx.). Slippages increased to ₹8,800 crore (US$1.1 billion approx.) from ₹7,800 crore (US$930 million approx.) in the previous quarter, with Agri slippages rising from ₹6400 crore (US$770 million approx.) to ₹6500 crore (US$780 million approx.). Core NIM (Net Interest Margin) on total assets fell to 3.43% from 3.46% in the previous quarter.

Following the announcement, HDFC Bank’s share price saw an increase on the NSE. At 2:55 PM, the share price was up 1.57% or ₹25.85, trading at ₹1668.25.

**Disclaimer:** *This information is for informational purposes only. Investing in the market involves risks. Always consult an expert before investing.*

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