HDFC Bank Q3 results: Increase in net profit by 18%

HDFC Bank on 16th January 2021, reported a net profit of Rs 8,758.3 crore for the December quarter that commended in 2020. The profit in previous year was Rs 7,416.48 crore. The private lender’s net interest income has increased 15.1% year-on-year to Rs 16,317.6 crore during the quarter review.

HDFC’s gross non-performing assets (NPA) ratio for the quarter stayed at 0.8%, ICICI Securities expected the metric to come in at 0.4%. The NPA ratio was 0.09% against 0.17% in the previous quarter.


The lender said that without considering for Supreme Court’s standstill, the gross NPA ratio was at 1.38% in December and net NPA ratio was 0.4%.

The private sector lender just informed the exchanges that its loan book grew about 16% year-on-year at Rs 10.8 lakh crore in Q3 FY21. Its deposits have jumped 19% to Rs 12.7 lakh crore.

The lender’s credit cost in Q3 fell to 1.25% from 1.41%, a quarter ago. Provisions and contingencies in the quarter were at Rs 3,414.1 crore as compared to Rs 3,043.6 crore in the corresponding quarter a year ago.