HDFC Bank's Quarterly Financial Performance

HDFC Bank announced a standalone net profit of Rs 16,735 crore for the quarter ending December 2024, marking a 2.2% increase from the previous year's Rs 16,373 crore. Despite a slight decrease from the preceding quarter's Rs 16,821 crore, the bank's financial health remains robust.

Stable Margins and Asset Quality

CFO Srinivasan Vaidyanathan highlighted the stability of the bank's margins, attributing it to well-matched asset and liability durations. The gross non-performing assets ratio saw a slight deterioration to 1.42%, yet the retail and corporate portfolios continue to show resilience, reflecting strong asset quality management.

Expenses and Growth

Quarterly expenses stood at Rs 17,100 crore, maintaining a cost-to-income ratio of 40%. The bank added 51 branches this quarter, reaching 9.7 crore customers, with 19 lakh new customers added in the last quarter alone. Investments in technology upgradation and customer education initiatives have supported the strong performance of unsecured loans.

Future Prospects

With a total capital ratio of 20% and a CET-1 ratio of 17.5%, HDFC Bank is well-capitalized for future growth. The bank's NBFC arm, HDB, is on track for its listing process, with a regulatory deadline of September 2025, and has no immediate need for infra bonds.