HDFC Bank Q1 PAT jumps 12.24% YoY; declares 1:1 bonus and special dividend
Net interest income (interest earned less interest expended) for the quarter ended June 2025 grew by 5.4% to Rs 31440 crore from Rs 29840 crore for the quarter ended June 2024. Core net interest margin was at 3.35% on total assets, reflecting assets repricing faster than deposits, as against 3.46% for the prior quarter ended March 2025.
Provisions and contingencies for the quarter ended June 2025 were Rs 14441.63 crore (including the floating provisions of Rs 9000 crore and additional contingent provisions of Rs 1700 crore mentioned above), as against Rs 2602.06 crore for the quarter ended June 2024.
The bank's credit performance across all segments continues to remain steady, in a credit environment that remains benign. The bank has considered this as an opportune stage to enhance its floating provisions, which are not specific to any portfolio, nor meant for any specific anticipated risks, but act as a countercyclical buffer for making the balance sheet more resilient. Accordingly, the Bank has made floating provisions of Rs 9000 crore, and additional contingent provisions of Rs 1700 crore during the quarter.
Gross non-performing assets were at 1.40% of gross advances as on June 2025 (1.14% excluding NPAs in the agricultural segment), as against 1.33% as on March 2025 (1.13% excluding NPAs in the agricultural segment), and 1.33% as on June 2024 (1.16% excluding NPAs in the agricultural segment). Net non-performing assets were at 0.47% of net advances as on June 2025 as against 0.43% as on March 2025 and 0.39% as on June 2024.
The bank's average deposits were Rs 26,57,600 crore for the June 2025 quarter, a growth of 16.4% over Rs 22,83,100 crore for the June 2024 quarter, and 5.1% over Rs 25,28,000 crore for the March 2025 quarter. The bank's average CASA deposits were Rs 8,60,400 crore for the June 2025 quarter, a growth of 6.1% over Rs 8,10,600 crore for the June 2024 quarter, and 3.8% over Rs 8,28,900 crore for the March 2025 quarter.
Gross advances were at Rs 26,53,200 crore as of June 2025, an increase of 6.7% over June 2024. Retail loans grew by 8.1%, small and mid-market enterprises loans grew by 17.1% and corporate and other wholesale loans grew by 1.7%. Overseas advances constituted 1.7% of total advances.
The bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.9% as on June 2025 (19.3% as on June 2024) as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.8% and Common Equity Tier 1 Capital ratio was at 17.4% as of June 2025. Risk-weighted Assets were at Rs 27,15,800 crore.
The board has declared a special interim dividend of Rs 5 per equity share of Re 1, pre-bonus issuance.
The board has approved issuance of bonus shares in the proportion of 1:1, i.e. 1 bonus equity share of Re 1 each for every 1 fully paid-up equity share held as on the record date, subject to approval of shareholders.
HDFC Bank's consolidated net revenue was Rs 85350 crore for the quarter ended June 2025. The consolidated profit after tax for the quarter ended June 2025 was Rs 16260 crore.
As of June 2025, the bank's distribution network was at 9,499 branches and 21,251 ATMs across 4,153 cities I towns as against 8,851 branches and 21,163 ATMs across 4,081 cities / towns as of June 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
ED questions close aides of Anil Ambani
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel NEW DELHI: The Enforcement Directorate (ED) on Wednesday quizzed Amitabh Jhunjhunwala , a former close aide of Anil Ambani , and Sateesh Seth , a confidante of the industrialist, in connection with its probe into alleged money laundering in a Rs 17,000 crore bank loan fraud case The duo was questioned for several hours on Wednesday, people in the know told ET. The agency primarily focused on "data extraction" pertaining to the alleged loan fraud. The two have been summoned by the agency for further questioning this week, the people Tuesday, the agency questioned Anil Ambani for over nine hours. He has sought seven days to furnish documents pertaining to ED's queries. The agency will summon the 66-year-old industrialist again after recording the statements of the credit committee members of banks that had given loans to his Reliance Group companies, ET reported on was the first to report about the ED summoning Anil Ambani as well as Jhunjhunwala and Seth for agency will seek details from the bank officials on the action initiated by them, if any, against Anil Ambani's companies that failed to repay the loans, ET had reported. About Rs 17,000 crore of loans that nearly 20 private and public sector banks, including Yes Bank ICICI Bank and HDFC Bank had given to Reliance Home Finance Ltd , Reliance Commercial Finance and RCOM had turned non-performing. The ED is investigating alleged laundering of the loan proceeds.
India Today
24 minutes ago
- India Today
Centre spent Rs 1,500 crore on ministry rent, not anymore: PM at Kartavya Bhavan
Prime Minister Narendra Modi on Wednesday inaugurated the Kartavya Bhavan at Kartavya Path in Delhi. PM inaugurated Kartavya Bhavan, calling it the seed of Viksit Bharat Old ministry buildings from 1950s-70s are being replaced due to structural inefficiency Facility includes modern amenities and large conference spaces for government use Prime Minister Narendra Modi on Wednesday inaugurated Kartavya Bhavan at Kartavya Path in New Delhi, pointing out that many central ministries were functioning from different locations across the national capital, with several housed in rented buildings. He revealed that the government was spending Rs 1,500 crore solely on rent. "Many ministries of the Indian government are being run from 50 different locations in Delhi. Most of these ministries are being run from rented buildings, with an annual expenditure of Rs 1.5 thousand crores. This amount is being spent by the central government just to pay rent," he said. PM Modi pointed out that the country's administrative machinery had been operating for decades after Independence from buildings constructed during the British era. He further highlighted the poor working conditions in the existing buildings, stating that they lacked proper lighting, space, and ventilation. "Can you imagine an important ministry like Home Affairs operating out of a building for nearly 100 years with insufficient resources?" the PM asked. He further said that the newly-inaugurated Kartavya Bhavan is not a mere structure or a piece of infrastructure, but that the seed of Viksit Bharat will be sown from this building. "In the coming decades, the direction of the country will be determined from this building," said PM Modi. Quoting from the Bhagavad Gita, PM Modi said that we must focus more on our kartavya (duty) than on the end result while carrying out our tasks. The ambitious project is aimed at bringing ministries and departments under one roof for efficiency. Kartavya Bhavan-03, the first to be inaugurated, will house the Home Affairs, External Affairs, Rural Development, MSME, DoPT, Petroleum & Natural Gas ministries, and the Principal Scientific Adviser's office. Many key ministries currently function from ageing buildings like Shastri Bhawan, Krishi Bhawan, Udyog Bhawan, and Nirman Bhawan, constructed between the 1950s and 1970s, which are now "structurally outdated and inefficient," according to the government. The prime minister, accompanied by Union Housing and Urban Affairs Minister Manohar Lal Khattar and Ministry Secretary HUA Secretary Katikithala Srinivas, took a tour of the newly constructed building. Srinivas briefed PM Modi about the features of Kartavya Bhavan. The HUA Ministry has plans to construct ten buildings as part of the Common Central Secretariat (CCS) under the government's Central Vista redevelopment project. Two CCS buildings, 1 and 2, are scheduled to be completed by next month, while construction work on CCS 10 will be finished by April next year. The project of CCS buildings 6 and 7 will be completed by October 2026. On Tuesday, Khattar said that offices functioning from the four bhawans will shift to four new locations on Kasturba Gandhi Marg, Minto Road, and Netaji Palace temporarily for two years, while the construction is carried out. A few buildings are currently proposed to be retained. These include the National Museum, National Archives, Jawaharlal Nehru Bhawan (External Affairs Ministry), and Dr Ambedkar Auditorium, which are new buildings. Vanijya Bhawan will also be retained. Under the Central Vista redevelopment plan, the government has already constructed a new Parliament building and the Vice President Enclave, and redeveloped the Kartavya Path that spans from Vijay Chowk to India Gate. Besides the Common Central Secretariat, the government will also construct an Executive Enclave that will house a new Prime Minister's Office (PMO), Cabinet Secretariat, India House, and National Security Council Secretariat. Under the second phase of the Executive Enclave, a new prime minister's residence will be constructed. The plinth area of the Kartavya Bhavan-03 is 1.5 lakh square metres with a basement area of 40,000 square metres. Its parking lot can accommodate 600 cars. The HUA ministry said the Kartavya Bhavan-03 has a creche, a yoga room, a medical room, a cafe, a kitchen, and a multipurpose hall. It has 24 main conference rooms, each with a capacity to seat 45 people, 26 small conference rooms, each with a capacity to seat 25 people, 67 meeting rooms, and 27 lifts. Prime Minister Narendra Modi on Wednesday inaugurated Kartavya Bhavan at Kartavya Path in New Delhi, pointing out that many central ministries were functioning from different locations across the national capital, with several housed in rented buildings. He revealed that the government was spending Rs 1,500 crore solely on rent. "Many ministries of the Indian government are being run from 50 different locations in Delhi. Most of these ministries are being run from rented buildings, with an annual expenditure of Rs 1.5 thousand crores. This amount is being spent by the central government just to pay rent," he said. PM Modi pointed out that the country's administrative machinery had been operating for decades after Independence from buildings constructed during the British era. He further highlighted the poor working conditions in the existing buildings, stating that they lacked proper lighting, space, and ventilation. "Can you imagine an important ministry like Home Affairs operating out of a building for nearly 100 years with insufficient resources?" the PM asked. He further said that the newly-inaugurated Kartavya Bhavan is not a mere structure or a piece of infrastructure, but that the seed of Viksit Bharat will be sown from this building. "In the coming decades, the direction of the country will be determined from this building," said PM Modi. Quoting from the Bhagavad Gita, PM Modi said that we must focus more on our kartavya (duty) than on the end result while carrying out our tasks. The ambitious project is aimed at bringing ministries and departments under one roof for efficiency. Kartavya Bhavan-03, the first to be inaugurated, will house the Home Affairs, External Affairs, Rural Development, MSME, DoPT, Petroleum & Natural Gas ministries, and the Principal Scientific Adviser's office. Many key ministries currently function from ageing buildings like Shastri Bhawan, Krishi Bhawan, Udyog Bhawan, and Nirman Bhawan, constructed between the 1950s and 1970s, which are now "structurally outdated and inefficient," according to the government. The prime minister, accompanied by Union Housing and Urban Affairs Minister Manohar Lal Khattar and Ministry Secretary HUA Secretary Katikithala Srinivas, took a tour of the newly constructed building. Srinivas briefed PM Modi about the features of Kartavya Bhavan. The HUA Ministry has plans to construct ten buildings as part of the Common Central Secretariat (CCS) under the government's Central Vista redevelopment project. Two CCS buildings, 1 and 2, are scheduled to be completed by next month, while construction work on CCS 10 will be finished by April next year. The project of CCS buildings 6 and 7 will be completed by October 2026. On Tuesday, Khattar said that offices functioning from the four bhawans will shift to four new locations on Kasturba Gandhi Marg, Minto Road, and Netaji Palace temporarily for two years, while the construction is carried out. A few buildings are currently proposed to be retained. These include the National Museum, National Archives, Jawaharlal Nehru Bhawan (External Affairs Ministry), and Dr Ambedkar Auditorium, which are new buildings. Vanijya Bhawan will also be retained. Under the Central Vista redevelopment plan, the government has already constructed a new Parliament building and the Vice President Enclave, and redeveloped the Kartavya Path that spans from Vijay Chowk to India Gate. Besides the Common Central Secretariat, the government will also construct an Executive Enclave that will house a new Prime Minister's Office (PMO), Cabinet Secretariat, India House, and National Security Council Secretariat. Under the second phase of the Executive Enclave, a new prime minister's residence will be constructed. The plinth area of the Kartavya Bhavan-03 is 1.5 lakh square metres with a basement area of 40,000 square metres. Its parking lot can accommodate 600 cars. The HUA ministry said the Kartavya Bhavan-03 has a creche, a yoga room, a medical room, a cafe, a kitchen, and a multipurpose hall. It has 24 main conference rooms, each with a capacity to seat 45 people, 26 small conference rooms, each with a capacity to seat 25 people, 67 meeting rooms, and 27 lifts. Join our WhatsApp Channel
Time of India
34 minutes ago
- Time of India
It's a goldmine. Why Trump co can give Prez a realty check on ‘dead economy'
Gurgaon: Forget politics and diplomacy, US President Donald Trump's "dead economy" jibe at India while warning of higher tariffs wouldn't stand up to scrutiny in his family-run company. The Indian market has proved a real estate goldmine for The Trump Organization, which has entered into partnerships with Indian developers for premium ventures. One of those is its flagship project in the north – Trump Towers Delhi NCR in Sector 65, for which it is in a joint venture with Mumbai-based Tribeca, the exclusive Indian partner for Trump-branded projects, and Gurgaon-based M3M. Spread across 2.8 acres, Trump Towers features two towers housing 250 luxury apartments priced between Rs 5 crore and Rs 9 crore. On launch day, 20 units worth Rs 150 crore were sold. Since then, the project – which was launched with fanfare in 2018 and had Donald Trump Jr flying in for the occasion – has clocked over Rs 2,000 crore in bookings and is due for possession in the coming months, according to sources associated with the project. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon Riding this success, the Trump brand announced its second city venture this May — Trump Residences in Sector 69. In the joint venture for this one are Tribeca and M3M subsidiary Smartworld. The project features two 51-storey towers with 298 residences. Prices here start at Rs 8 crore and go up to Rs 15 crore, with premium penthouses reaching Rs 125 crore. The project, according to the companies, is sold out and has netted Rs 3,250 crore in revenue. When it's ready, it will make Gurgaon the only city other than New York to host two Trump-branded residential towers. The national capital region is likely to see a third Trump-branded project with plans to launch Trump Towers at Sector 94 in Noida. Eric Trump, executive VP of The Trump Organization and the US president's son, had said in a statement in May, "We're incredibly excited to launch our second project in Gurgaon, and even prouder to be doing it once again with our amazing partners at Tribeca, M3M & Smartworld. The fact that we're expanding in this remarkable city speaks volumes — not just about the strength of the Trump brand in India, but also about the exceptional partnership we've built and the tremendous confidence The Trump Organization has in Gurgaon's future. With this new development, we've pushed the boundaries of luxury like never before. I'm confident that Trump Residences Gurgaon will stand among the most iconic and spectacular properties in our global portfolio." Tribeca has been managing branding, design, quality and sales across all Trump Organization projects. Smartworld is in charge of development and customer experience for the Sector 69 project, while M3M India is the execution partner for both the Sector 65 Trump Towers and the planned project in Noida. This is how the JVs function, with Indian developers taking care of the brick-and-mortar aspect of a project and The Trump Organization providing the branding, service templates and, of course, global reach. A buyer of a Trump Residences house who TOI spoke to said as a lifestyle brand, he could not think of anything better. "This cost a steep Rs 30,000 per square foot. But when you look at the trajectory of the first Trump Tower in Gurgaon, which launched at Rs 16,000 per sq ft and is now reselling at Rs 30,000 per sq ft, it becomes clear that this brand carries serious equity. It's a statement of both lifestyle and foresight." The real estate portfolio of The Trump Organization extends to Mumbai, Pune – where it launched its first commercial venture earlier this year – Kolkata, and Hyderabad. India is its largest market outside the US.
