Apr 20, 2024 03:24 PM IST
HDFC Bank’s net profit in fourth quarter stood at ₹16,512 crore, Reuters reported.
Private lender HDFC Bank’s net profit in fourth quarter (January-March) stood at ₹16,512 crore.
The standalone net profit figure was below analysts’ forecast of ₹17,315 crore according to LSEG data, but above the ₹16,373 crore rupees reported in the previous quarter.
In its fourth quarter result, the private lending giant reported provisions and contingencies at ₹13,510 crore during the quarter, up from ₹4,217 crore in the three months to December as a “countercyclical buffer for making the balance sheet more resilient,” the bank said in a press statement.
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