HDFC earns a net profit of ₹4601.4 cr an increase of 18.2% over the quarter ended June 30, 2017 and the total income stands at ₹26,367.0 cr. Net revenues increased to ₹14,631.6 cr from ₹12,887.4 crore in the corresponding quarter of the previous year. And the bank’s total income stands at ₹26,367 cr this quarter.
The total deposits comprising of the current account, savings account and time deposits, stood at ₹805,785 cr. Where the current account deposits at ₹109,297 crore, savings account deposits at ₹226,656 cr and time deposits at ₹469,832 cr.
Time Deposits are referred to bank accounts that cannot be withdrawn before a timeline or for which a notice of withdrawal is required.
Capital Requirement
The Bank’s total Capital Adequacy Ratio (CAR) is at 14.6%as against a regulatory requirement of 11.025%. HDFC is looking to raise funds up to ₹24,000 cr. Of this ₹8,500 cr would be through equity and the balance would be through convertible securities or depository receipts.
Banks and Jobs
Though the bank’s outlets have increased from 4,787 the previous quarter to 4,804 this quarter, the total banking outlets in semi-urban and rural areas is stagnant at 53%. From 88,253 jobs in the previous quarter to 89,550 jobs this quarter, 1297 more jobs were created.
Gross non-performing assets were at 1.33% a slight increase from 1.30% in the previous quarter.