HDFC Bank, India’s largest private sector lender, released its financial results for the October–December quarter on January 22, 2025. The bank reported a 2% year-on-year rise in net profit, reaching ₹16,736 crore for the quarter. This marked a slight improvement from the ₹16,548 crore anticipated by analysts. The bank’s Net Interest Income (NII) grew by 8% compared to the previous year, totaling ₹30,653 crore.
The bank experienced a slight uptick in its gross non-performing assets (GNP), which increased from 1.36% to 1.42% in the third quarter of FY25. However, its net non-performing assets (NPAs) improved, decreasing from 0.4% to 0.46%.
These results highlight HDFC Bank's ability to maintain growth in its core banking operations despite challenges in asset quality. The bank continues to benefit from strong demand for loans and its robust banking infrastructure.
