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HDFC Bank Q4 Results: Net profit increases marginally to Rs 16,511 crore ; miss analysts’ forecast

Published

2 weeks ago

April 20, 2024

NEW DELHI: HDFC Bank posted smaller-than-expected quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the financial year 2023-24 (FY24) on Saturday. This marks a 0.84 per cent jump when compared to Rs 16,373 crore clocked in the previous quarter.
However, the quarterly profit of the largest private lender is below analysts’ forecast of Rs 17,315, according to LSEG data.Its net interest income (NII) increased to Rs 29,080 crore from Rs 28,470 core in the previous quarter, while the other income stood at Rs 18,170 crore.
HDFC Bank has reported its core net interest margin of 3.44% on total assets while the gross non-performing assets (NPA) ratio came at 1.24%.
The results cannot be compared on a year-over-year basis as HDFC Bank merged with its parent company, Housing Development Finance Corp, in the month of July.
The shares of HDFC Bank settled 2.5% higher prior to the announcement of the results on Friday.

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Sales Warden

Published

3 days ago

April 30, 2024

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Product Name: Sales Warden

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500 Internal Server Error

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3 days ago

April 30, 2024

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Product Name: 500 Internal Server Error

Click here to get 500 Internal Server Error at discounted price while it’s still available…

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

500 Internal Server Error is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

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Ukraine’s ‘Harry Potter castle’ hit in deadly Russian strike

Published

4 days ago

April 29, 2024

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Four people have been killed and 32 injured in a Russian missile attack on what locals call the “Harry Potter castle” in the southern Ukrainian port of Odesa, local officials say.

The building is the residence of prominent former MP Serhiy Kivalov, who was wounded in the strike, according to Ukrainian media.

It houses the Odesa Law Academy, which is run by Mr Kivalov.

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