Net interest income increased by 12% year on year to Rs 8,838.4 crore in Q1FY23, with credit increasing by 18%and worldwide deposits increasing by 10.9% year on year.
Net interest income increased by 26% year on year to Rs 2,751.1 crore, with net interest margin increasing by 39 basis points to 5.89 percent for the quarter.
The company's consolidated profit increased 184 percent year on year to Rs 668.50 crore for the quarter ended June 2022, led by robust top line and operating performance.
The rating agency increased its consolidated profit by 22.4 percent year on year to Rs 14.14 crore for the quarter ended June 2022, driven by operating income and top-line growth
The country's largest lender agreed to sell all 97,500 equity shares in HDFC Venture Capital to HDFC. The monetary consideration will be Rs 9.75 lakh, and the deal is slated to close on August 11.
Revenue from operations increased by 12.1 percent year on year to Rs 179.22 crore during the quarter, with a 2% sequential growth.
Total income increased by 62.3 percent year on year to Rs 1,641.4 crore during the quarter.
Revenue increased by 287 percent year on year to Rs 508 crore in the June FY23 quarter. The second Covid wave had an impact on the previous quarter.