MUMBAI: HDFC Financial institution on Saturday reported a web revenue of Rs 8,834 crore for the quarter ended September 2021, a rise of 17.6% over Rs 7,513 crore within the corresponding quarter final 12 months.
The financial institution’s income rose on the again of a 15.5% improve in loans. Advances rose to almost Rs 12 lakh crore from Rs 10.4 lakh crore as of September 2020. The non-public lender has elevated its market share by rising loans at greater than double the trade progress fee. In accordance with RBI information, general financial institution credit score grew 6.7% year-on-year as much as September 24, 2021.
This resulted within the financial institution’s web curiosity revenue rising 12.1% to Rs 17,684 crore.
Within the final 12 months, the financial institution has elevated the share of loans to the agriculture and rural sector in its portfolio. It has additionally grown loans supplied on the time of digital funds.
The financial institution’s income rose on the again of a 15.5% improve in loans. Advances rose to almost Rs 12 lakh crore from Rs 10.4 lakh crore as of September 2020. The non-public lender has elevated its market share by rising loans at greater than double the trade progress fee. In accordance with RBI information, general financial institution credit score grew 6.7% year-on-year as much as September 24, 2021.
This resulted within the financial institution’s web curiosity revenue rising 12.1% to Rs 17,684 crore.
Within the final 12 months, the financial institution has elevated the share of loans to the agriculture and rural sector in its portfolio. It has additionally grown loans supplied on the time of digital funds.
Supply: Times of India