HDFC Bank Q3 Result: Other Highlights
Operating expenses for the quarter ended December 31, 2022 were at Rs 12.463.6 crore, an increase of 26.5% over Rs 9,851.1 crore during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 39.6%.
Pre-provision Operating Profit (PPOP) was at Rs 19,024.1 crore. PPOP, excluding net trading and mark to market income, grew by 19.3% over the quarter ended December 31, 2021.
Provisions and contingencies for the quarter ended December 31, 2022, were Rs 2,806.4 crore as against Rs 2,994.0 crore for the quarter ended December 31, 2021.
The total credit cost ratio was at 0.74%, as compared to 0.94% for the quarter ending December 31, 2021.
