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You are here : IndiaNotes >> Research & Analysis >> Companies >> HDFC Bank Ltd. >> Research

HDFC Bank reports its Results for Q3FY17

Dynamic Equities Pvt Ltd | 01 Feb, 2017  | Follow Author | Add to my Favourites 
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HDFC Bank reported its results for the quarter ended 31st December 2016 on 24th January 2017.


The Bank's total income for the quarter ended 31st December 2016 was Rs 20748.3 crores, up from Rs 18283.3 crores for the quarter ended 31st December 2015. Net Revenues (net interest income plus other income) increased by 15.2 per cent to Rs 11451.8 crores for the quarter ended 31st December 2016 as against Rs 9940.7 crores for the corresponding quarter of the previous year.


Net interest income (net earned less interest expended) for the quarter under review grew by 17.6 per cent to Rs 8309.1 crores from Rs 7068.5 crores for the quarter ended 31st December 2015, driven by average assets growth of 18.6 per cent and a net margin for the quarter of 4.1 per cent.


Other income (non interest revenue) at Rs 3142.7 crores was 27.4 per cent of the net revenues for the quarter ended 31st December 2016 and grew by 9.4 per cent over Rs 2872.2 crores in the corresponding quarter ended 31st December 2015.


HDFC Bank (Housing Development Finance Corporation) is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 87,555 employees and has a presence in Bahrain, Hong Kong along with Dubai. HDFC Bank is the first largest private bank in India as measured by assets. It is the largest bank in India by market capitalization as of February 2016. It was ranked 69th in 2016 BrandZTM Top 100 Most Valuable Global Brands.


At 2 PM HDFC Bank share price was trading at Rs 1,284.15 apiece on NSE. A total of 9,01,469 shares of the company have been traded on the counter of NSE for a total traded value of Rs 11,574.59 lacs. The Lower Price Band is 1,162.75 and the Upper Price Band is 1,421.05.



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Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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