HDFC Bank Q3 Results: HDFC Bank's Net Interest Income has increased by 24.6 percent.

HDFC Bank Q3 Results: HDFC Bank, the largest private sector bank in the country, has announced the third quarter results (Q3 Results) on Saturday.

In the third quarter of the current financial year, HDFC Bank's standalone net profit (HDFC Bank Q3 Profits) increased by 18.5 percent to Rs 12,259.5 crore.

In the same quarter of its previous financial year, HDFC Bank had earned a net profit of Rs 10,342.2 crore.

HDFC Bank has said in the information given to the stock market that in the October-December quarter of the financial year 2022-23, its total income (HDFC Bank Q3 Earnings) increased to Rs 51,207.61 crore on a standalone basis, which is the same period of the previous financial year. 40,651.60 crore was registered in

Along with this, the bank's Gross Non-Performing Assets ie NPA was stable at 1.23 per cent as compared to Gross Advances.

At the same time, the net NPA stood at 0.33 percent, which was 0.37 percent at the end of December 2021.

Similarly, the financial provisions and contingencies for the quarter ending December 31, 2022 were Rs 2,806.4 crore.

This figure was Rs 2,994 crore in the same period a year ago.

The bank said that its Net Interest Income increased by 24.6 percent to Rs 22,987.8 crore in this quarter.

The bank has said that by December 31, 2022, its distribution network has reached 7,183 branches and 19,007 ATMs / Cash Deposit and Withdrawal Machines (CDM) in 3,552 cities / towns.

Whereas under the distribution network, as on December 31, 2021, there were 17,238 ATM / CDM machines in 5,779 branches and 2,956 cities / towns.