Overview

• Standalone net profit at HDFC Bank climbed 12.2% year-on-year to ₹18,155 crore while consolidated earnings slipped 1.31% to ₹16,258 crore
• Net interest income rose 5.4% to ₹31,439 crore even as the net interest margin narrowed to 3.35% from 3.46%
• Non-interest income jumped to ₹21,729 crore, boosted by ₹9,128 crore in gains from the HDB Financial Services stake sale
• HDFC Bank set aside ₹14,442 crore in provisions, including ₹9,000 crore in floating and ₹1,700 crore in contingent buffers, as gross NPA ratio inched up to 1.4%
• HDFC Bank’s board approved a 1:1 bonus share issue and a special interim dividend of ₹5 per equity share while ICICI Bank flagged further margin compression after reporting a 15.5% profit rise to ₹12,768 crore