HDFC Q1 web revenue rises to Rs 3,669 crore | Markets News

New Delhi: Home finance main Housing Development Finance Corporation Ltd (HDFC) closed the primary quarter of FY23 with 22 per cent progress in its web revenue. According to the corporate, it had posted an after tax revenue of Rs 3,669 crore for the interval ended June 30, 2022 up from Rs 3,001 crore logged through the earlier 12 months`s corresponding interval.

The firm stated its common dimension of particular person loans stood at Rs 35.7 lakh in comparison with Rs 33.1 lakh in FY22. (ALSO READ: Swiggy pronounces everlasting work From Anywhere for almost all of its workers)

As on June 30, 2022, the belongings below administration (AUM) stood at Rs 671,364 crore as towards Rs 574,136 crore within the earlier 12 months. (ALSO READ: Sensex, Nifty spurt over 1% to shut over 3-month excessive, lengthen rally to third straight day)

During the interval below assessment, HDFC had assigned particular person loans amounting to Rs. 9,533 crore (earlier 12 months Rs 5,489 crore) to HDFC Bank.

Individual loans bought within the previous 12 months amounted to Rs. 32,499 crore (PY: Rs 23,093 crore).

As on June 30, 2022, the excellent quantity in respect of particular person loans bought was Rs 88,856 crore. HDFC continues to service these loans, the corporate stated.

The gross non-performing loans (NPL) as at June 30, 2022 stood at Rs 10,288 crore.

According to HDFC, the web curiosity earnings (NII) for the quarter ended June 30, 2022 stood at Rs 4,447 crore (Rs 4,125 crore). The reported NIM through the quarter ended June 30, 2022 was 3.4 per cent, the corporate added.

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