HDFC Financial institution This autumn web revenue jumps 18% on-yr; board decides towards declaring dividend in Mar 2021 amid COVID surge

HDFC Financial institution reported an 18.2 per cent on-year bounce in standalone web revenue to Rs 8,186.51 crore for the January-March quarter of FY21. The corporate had posted a revenue of Rs 6,927.6 crore within the corresponding quarter of the earlier 12 months. Amid the second COVID-19 wave, the corporate knowledgeable that its board has thought of it prudent to at the moment not suggest a dividend for the monetary 12 months ended March 31, 2021. India’s largest non-public sector lender’s Internet Curiosity Earnings (NII), the distinction between curiosity earned by lending and curiosity paid to depositors, witnessed a 12.6 per cent on-year rise to Rs 17,120 crore within the quarter beneath evaluate, as in comparison with Rs 15,204 crore in the identical interval final 12 months. The Financial institution’s web revenues (web curiosity earnings plus different earnings) rose to Rs 24,713 crore within the fourth quarter of FY21 from Rs 21,236 crore within the earlier 12 months.

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