HDFC Bank’s Q4 standalone net profit rises over 18%


    Mumbai, April 17 | Lending major HDFC Bank on Saturday reported an 18.2 per cent increase in its standalone net profit for the fourth quarter of FY21 ended March 31, 2021 on a year-on-year (YoY) basis.

    The bank’s net profit for the fourth quarter of FY21 rose to Rs 8,186.5 crore on a YoY basis.

    “After providing Rs 2,652.6 crore for taxation, the bank earned a net profit of Rs 8,186.5 crore, an increase of 18.2 per cent over the quarter ended March 31, 2020,” HDFC Bank said in a statement.

    The bank’s net revenues (net interest income plus other income) increased by 16.4 per cent to Rs 24,714.1 crore for the quarter under review from Rs 21,236.6 crore for the period ended March 31, 2020.

    Besides, net interest income (interest earned less interest expended) for the quarter ended March 31, 2021 grew by 12.6 per cent to Rs 17,120.2 crore from Rs 15,204.1 crore for the quarter ended March 31, 2020.

    The rise was driven by advances growth of 14 per cent and a core net interest margin of 4.2 per cent.

    “The bank’s continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 138 per cent, well above the regulatory requirement,” the statement said.

    Furthermore, the bank made provision and contingencies worth Rs 4,693.7 crore as against Rs 3,784.5 crore made during the quarter ended December 31, 2019.

    Source: IANS

    Next Story

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


    Please enter your comment!
    Please enter your name here