HDFC Bank Q3 net jumps 30%
Other income or the non-interest revenue rose 27% y-o-y to R1,799 crore. The main contributor to other income was fees & commissions of R1,401.9 crore, up 24.3% y-o-y. Total income for the bank stood at R10,506.5 crore, up 22% from last year. Ratio between advances towards retail and wholesale segment for the bank stood at 53:47 during the quarter. Retail advances constitute 51.3% of the total advances in the corresponding quarter last year. Total retail assets during the three month period rose 29.5% y-o-y to R1,29,958 crore.
Total deposits were at R2,84,119 crore, a rise of 22.2% over the corresponding quarter last year. Savings deposit grew 16.5% y-o-y to R81,942 crore and current deposits grew 10.4% to R47,004 crore. Current account savings account ratio as at December 31 was 45.4%, the bank said.
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