HDFC Bank Q4 2023 Results: Stock Down 2% 📉💰

 HDFC Bank's stock fell by 2 percent in early trading on Monday.

Net profit for HDFC Bank in Q4 2023 jumped 19.8 percent but was below estimates.

Loan growth for HDFC Bank was 16.9 percent on an annual basis.

Credit costs for HDFC Bank remained close to 6.2 percent.

Provisioning for NPAs in the March quarter for HDFC Bank decreased to Rs 2685.37 crore.

 HDFC Bank reported a profit of Rs 45,997.11 crore for FY 2022-23, compared to Rs 38,052.75 crore in FY 2021-22.

Income for HDFC Bank on a standalone basis increased to Rs.53850 crore in the March quarter from Rs.41086 crore in the previous year.

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