The bank on Saturday reported a 20.6 per cent jump in its consolidated net profit for January-March 2023 at Rs 12,594.47 crore.
The record date for determining the eligibility of members entitled to receive dividend on Equity Shares is May 16, 2023
HDFC bankIndia’s largest private sector lender on Saturday declared a dividend of Rs 19 per equity share, or 1,900 per cent, for the financial year 2022-23. This is higher than the dividend of Rs 15.5 declared for the previous year.
The record date for determining the eligibility of members entitled to receive dividend on Equity Shares is Tuesday, May 16, 2023.
“The Board of Directors at its meeting held today has recommended a dividend of Rs 19 per equity share each fully paid-up (i.e. 1,900 per cent) of Re 1 out of net profit for the year ended March 31, 2023. Subject to the approval of the shareholders in the forthcoming Annual General Meeting of the bank,” HDFC Bank said in a regulatory filing.
It states that the dividend, if approved by the shareholders of the bank, will be paid after the AGM to those shareholders whose names appear in the register of members of the bank / register of beneficial owners maintained by the depositories – NSDL and CDSL. appear to. Closed business hours on Tuesday, May 16, 2023.
The bank on Saturday reported a 16.53 per cent jump in its standalone net profit to Rs 12,047 crore for January-March 2023 (Q4 FY23). Its net interest income (interest earned less interest expense) rose 23.7 per cent to Rs 23,351.8 crore for the quarter ended March 31, 2023, from Rs 18,872.7 crore a year ago.
On a consolidated basis, its net profit rose 20.6 per cent to Rs 12,594.47 crore in the quarter ended March 31, 2022, according to a BSE filing.
Its CASA (current account savings account) deposits grew by 11.3 per cent
Savings account deposits Rs 5,62,493 crore and current account deposits Rs 2,73,496 crore.
For the full financial year 2022-23, HDFC Bank’s net profit stood at Rs 44,108.7 crore, up 19.3 per cent over the year ended March 31, 2022.
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