HDFC Bank, the country’s largest private sector lender, has earned a net profit of Rs 8,758.3 crore, an increase of 18.1% over the quarter ending on December 31, 2020.
Total balance sheet size as of December 31, 2020 was Rs 1,654,228 crore as against Rs 1,395,336 crore as of December 31, 2019, a growth of 18.6%.
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Net interest income (interest earned less interest expended) for the quarter ended December 31, 2020 grew by 15.1% to Rs 16,317.6 crore from Rs 14,172.9 crore for the quarter ended on December 31, 2019, the bank said in a statement.
The Bank’s persistent focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 146%, well above the regulatory requirement.
Total balance sheet size as of December 31, 2020 was Rs 1,654,228 crore as against Rs 1,395,336 crore as of December 31, 2019, a growth of 18.6%.
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Total deposits as of December 31, 2020 were Rs 1,271,124 crore, an increase of 19.1% over that of December 31, 2019.
CASA deposits grew by 29.6% with savings account deposits at Rs 374,639 crore and current account deposits at Rs 172,108 crore.
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.9% as on December 31, 2020 (18.5% as on December 31, 2019) as against a regulatory requirement of 11.075%.
As of December 31, 2020, the Bank’s distribution network was at 5,485 branches and 15,541 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 2,866 cities / towns as against 5,203 branches and 14,533 ATMs / CDMs across 2,787 cities / towns as of December 31, 2019.
50% of our branches are in semi-urban and rural areas.
The Gross and Net non-performing assets were at 0.81% of gross advances and 0.09% of net advances as on December 31, 2020 respectively.
The restructuring under RBI resolution framework for COVID-19 was approximately 0.5% of advances, the statement said.