As part of its quarterly update, HDFC Bank on Friday recorded a 15% year-on-year increase in deposits to Rs 25,000 crore in the second quarter ending September 2024, while advances under the bank’s management increased by 8%. did.
The Bank’s operating profit was reported at Rs 26.33 crore as on September 30, 2024 as against Rs 24.37 crore for the quarter ended September 2023.
As of the quarter ended September 2024, the Bank’s gross advances stood at approximately Rs 2,519 crore, representing an increase of approximately 7% year-on-year.
Further, the bank’s CASA deposits increased by 8% to Rs 8.83 billion as against Rs 8.17 billion in the year-ago period.
The average liquidity coverage ratio for the quarter was approximately 127%.
HDFC Bank’s operational profit for the second quarter ended September 2024 averaged Rs 25.63 billion, higher than the Rs 23.26 billion recorded in Q2 FY24, representing a year-on-year growth of 10.2%. Ta. The same amount for June 2024 quarter was Rs 25.32 crore. Meanwhile, on an average basis, banks’ deposits in Q1 FY25 were reported at Rs 23.53 lakh crore, up almost 15.4% year-on-year from Rs 20.38 lakh crore in the same period. HDFC Bank’s stock price has risen 10.7% in the past year but has fallen nearly 2% this fiscal. The stock price has fallen 5.6% in the past three months.
On the chart, the stock price is below the 10-day and 20-day exponential moving average (DEMA), but above the 50-day DEMA.
The stock closed 2.5 per cent lower at Rs 1,682.15 on Thursday.
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