HDFC BankBSE 0.28 % posted an 18% rise in March quarter earnings boosted by fee income even as it cut staff for the second straight quarter and slowed branch expansion as it exploits digital technology to reach out to customers.
The nank beat street estimates and reported a net profit of Rs 3,990.09 crore, up from Rs 3,374.2 crore a year ago. A Bloomberg poll had estimated a net profit of Rs 3,939 crore. Provisions soared 76% to Rs 1,261.8 crore from Rs 715.7 crore a quarter ago, though net bad loans remained meagre at 0.33%, up from 0.28% a year ago.
HDFC Bank is poised to grow its market share even though it would look to improve cost efficiency by reducing headcount and slowing the branch network expansion.
Branch Name: First India Place
Address: Vatika Building, M G Road, Gurgaon, Haryan- 122002.
Contact Number: 011-61606161
IFSC Code: HDFC0000280
Fax No: 0124-4083011
Lockers Available: YES
HDFC Bank MG Road Branch Gurgaon Timings:
Monday to Friday: 09.30 am – 03.30 pm
Saturday: 09.30 am – 12.30 pm
Working Days: Monday to Saturday
Facilities Available by HDFC Bank:
Accounts /Deposits: Savings Accounts, Salary Accounts, Current Account, Fixed Deposits, Recurring Deposit, Demat Accounts, Safe Deposit Lockers
Loan: Personal Loans, Smart Draft, Home Loans, Two Wheeler Loans, New Car Loans, Used Car Loans, Gold Loan, Educational Loan, Loan against Securities, Loan against Property, Loans against Rental Receivables, Health Care Finance, Retail Agri Loans, Tractor Loans, Commercial Vehicle Finance, Working Capital Finance, Construction Equipment Finance, Warehouse Receipt Loans.
Investment & Insurance: Wealth Advisory Services, Mutual Funds, Tax Planning, Insurance, General & Health Insurance, Bonds, Knowledge Centre, Equities & Derivatives, Mudra Gold Bar, Mudra Silver Bar.
Net Safe, Merchant Services, Prepaid Refill, ngpay, BillPay, Visa,Pay,Register Pay,InstaPay,DirectPay, Visa Card Pay,RTGS Funds Transfer,e-Monies Electronic Funds Transfer, Excise & Service Tax Payment, Online Payment of Direct Tax, Online payment of DVAT.
HDFC Mutual Funds: YES
Accounts & Services (Savings Accounts, Current Accounts, Fixed Deposits, Foreign Currency Deposits, Accounts for Returning Indians, Offshore Accounts & Deposits)
Loans : Home Loan, Loan Against Securities, Loan Again Fixed Deposit
Payment Services: Bill Pay, Insta Pay, Direct Pay,Net Safe, Online Donations
Investments: Fixed Deposits, Mutual Funds, Portfolio Investment Services, Offshore Investments, Equities and Derivatives, Private Banking, Insurance, Meet with a representative when in India, Research Reports
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