HDFC Bank, one of India's leading private sector banks, has announced its financial results for the fourth quarter of the fiscal year 2022. The bank reported a 21% rise in its Profit After Tax (PAT) to Rs 8,186 crore, up from Rs 6,927 crore in the same period last year. The bank's robust performance was driven by strong growth in its net interest income and other income.
The bank's net interest income (NII) for the quarter stood at Rs 17,120 crore, up 12.6% from Rs 15,204 crore in the same period last year. The bank's other income, which includes fees and commissions, rose 13.2% year-on-year to Rs 7,644 crore.
In addition to its strong financial performance, HDFC Bank has also announced a dividend of Rs 19 per share for its shareholders. The bank's Board of Directors approved the dividend payout, which amounts to a total dividend of Rs 6,205.67 crore.
The bank's Managing Director and CEO, Sashidhar Jagdishan, said that HDFC Bank's strong performance in the fourth quarter was driven by a focus on improving customer experience and leveraging technology to enhance operational efficiency.
HDFC Bank's strong financial performance in the fourth quarter of the fiscal year 2022 underscores its position as one of India's leading private sector banks. The bank's focus on customer experience and technological innovation has helped it to continue to grow its business and deliver strong returns for its shareholders.
In conclusion, HDFC Bank has reported a 21% rise in its Profit After Tax (PAT) for the fourth quarter of the fiscal year 2022, driven by strong growth in its net interest income and other income. The bank's dividend payout of Rs 19 per share is a testament to its strong financial performance and commitment to delivering value to its shareholders. HDFC Bank's focus on customer experience and technological innovation has helped it to maintain its position as one of India's leading private sector banks.
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