<p>Bengaluru/Mumbai: HDFC Bank on Wednesday reported third-quarter profit largely in-line with analysts' estimates, helped by an increase in net interest income (NII).</p><p>The country's biggest private lender posted a standalone net profit of 167.36 billion rupees ($1.94 billion) for the quarter ended Dec. 31., down about 0.5% from the previous quarter.</p><p>Analysts, on average, expected a profit of 167.48 billion rupees, according to data compiled by LSEG.</p>.Mcap of five of top 10 most-valued firms tumbles Rs 1.85 lakh crore; HDFC Bank hit hard.<p>The bank's results are not comparable on a year-to-year basis as it merged with its parent HDFC in July 2023.</p><p>HDFC Bank's NII - the difference between interest earned and paid - rose 2% from the previous quarter to 306.53 billion rupees, as per Reuters calculations.</p><p>Deposits rose 4.2% to 24.53 trillion rupees, slowing from a 5.1% rise in July-September.</p>.<p>Meanwhile, gross advances, or loans sanctioned and disbursed, rose 0.9% to 25.43 trillion rupees, slowing from 1.3% growth in the previous quarter.</p><p>HDFC Bank's merger added a large pool of loans to its portfolio but a much smaller amount of deposits, putting it under pressure to increase the pace of raising deposits or slow loan growth.</p><p>Over the past few months, it has offered retail loans for sale to reduce its loan-to-deposit ratio, a key metric for banks to assess their liquidity position by gauging whether they have enough deposits to fund loan growth.</p><p>HDFC Bank's provisions for bad loans and other contingencies rose 17% sequentially to 31.54 billion rupees.</p>.<p>Its gross non-performing assets ratio was at 1.42% at the end of December, compared to 1.36% in the previous quarter.</p><p>The bank's shares, which were trading 0.7% lower ahead of the results, were last up 1%. </p>
<p>Bengaluru/Mumbai: HDFC Bank on Wednesday reported third-quarter profit largely in-line with analysts' estimates, helped by an increase in net interest income (NII).</p><p>The country's biggest private lender posted a standalone net profit of 167.36 billion rupees ($1.94 billion) for the quarter ended Dec. 31., down about 0.5% from the previous quarter.</p><p>Analysts, on average, expected a profit of 167.48 billion rupees, according to data compiled by LSEG.</p>.Mcap of five of top 10 most-valued firms tumbles Rs 1.85 lakh crore; HDFC Bank hit hard.<p>The bank's results are not comparable on a year-to-year basis as it merged with its parent HDFC in July 2023.</p><p>HDFC Bank's NII - the difference between interest earned and paid - rose 2% from the previous quarter to 306.53 billion rupees, as per Reuters calculations.</p><p>Deposits rose 4.2% to 24.53 trillion rupees, slowing from a 5.1% rise in July-September.</p>.<p>Meanwhile, gross advances, or loans sanctioned and disbursed, rose 0.9% to 25.43 trillion rupees, slowing from 1.3% growth in the previous quarter.</p><p>HDFC Bank's merger added a large pool of loans to its portfolio but a much smaller amount of deposits, putting it under pressure to increase the pace of raising deposits or slow loan growth.</p><p>Over the past few months, it has offered retail loans for sale to reduce its loan-to-deposit ratio, a key metric for banks to assess their liquidity position by gauging whether they have enough deposits to fund loan growth.</p><p>HDFC Bank's provisions for bad loans and other contingencies rose 17% sequentially to 31.54 billion rupees.</p>.<p>Its gross non-performing assets ratio was at 1.42% at the end of December, compared to 1.36% in the previous quarter.</p><p>The bank's shares, which were trading 0.7% lower ahead of the results, were last up 1%. </p>