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HDFC Bank reports Q4 net profit at ₹16,512 crore

Published:

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.

ALSO READ: Wipro Q4 net profit falls 7.8% to 2,835 cr; new CEO flags uncertainty in macro environment

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