HDFC Bank's Q1 Profit Surges 35% to ₹16,174.75 Crore

HDFC Bank's Q1 profit jumped 35% year-on-year to ₹16,174.75 crore. This growth was driven by a 39.9% rise in core net revenue, reaching ₹32,829.6 crore. The bank's net interest income, a crucial indicator of profitability, climbed by 36.9% to ₹27,385.2 crore. Despite facing higher provisions at ₹3,993.6 crore, the asset quality remained stable with gross non-performing assets at 1.17%. This performance underscores HDFC Bank's robust financial health and resilience amid challenging economic conditions, maintaining its leadership in the Indian banking sector.



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