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"We continued to add new liability relationships at a robust pace of 2.4 million during the quarter," HDFC Bank said in its audit report
Photo Credit : Reuters
HDFC Bank on Saturday released its Q4FY22 earnings. It earned a net profit of Rs 10,055.2 crore, registering a significant 22.8 per cent rise YoY.
Its net interest income, which is the difference between interest earned by a bank through its lending activities, and the interest it pays to the depositors, rose 10.2 per cent YoY to Rs 18,872.70 crore. This is up from the previous year's same quarter when the figure stood at Rs 17,120.20 crore.
In the quarter, HDFC Bank's advances were up 20.8 per cent with growth coming across products and segments. The liquidity coverage ratio is healthy at 112% and well above the regulatory requirement.