The consolidated net profit of HDFC Bank, the country's largest bank according to capitalization in the stock market, increased by 15.4 per cent in the March quarter. In this way, the bank made a net profit of Rs 7,280.22 crore in the last quarter of the financial year 2019-20. In the information given to the stock markets, the bank has said that from January to March last year, the bank had a consolidated net profit of Rs 6,300.81 crore. During January-March 2020, the bank's net profit increased due to an increase in income from operations, income from interest and other income. However, during this period, there has been an increase in the provision made in lieu of stranded debt.

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Regarding its earnings, HDFC Bank has informed the stock markets that the bank's total integrated income increased to Rs 38,287.17 crore during the fourth quarter of FY 2019-20 i.e. January to March this year. During the period from January to March last year, this figure was Rs 33,260.48 crore.

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HDFC Bank has further said that they will not pay a dividend of profit for the financial year 2019-20 as per the guidelines issued by the Reserve Bank of India (RBI) on Friday. The central bank on Friday directed all banks to ensure adequate availability of cash in the system in view of the Covid-19 crisis, not to pay the profit dividend for FY 2019-20. HDFC on Saturday No proposal was made in the bank's meeting held on Saturday to give the final dividend for the financial year ended March 31, 2020.

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