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HDFC Bank Reports Strong Q3 2024 Financial Results
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HDFC Bank Reports Strong Q3 2024 Financial Results

Story Highlights
  • HDFC Bank operates in India’s banking sector with a focus on retail and wholesale services.
  • The bank reported a net profit of ₹16,735.50 crore for Q3 2024, indicating strong financial performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

The latest announcement is out from Hdfc Bank ( (HDB) ).

On January 23, 2025, HDFC Bank released its unaudited financial results for the third quarter and nine months ending December 31, 2024. The results, approved by the Board of Directors on January 22, 2025, indicate a strong financial performance with significant income from interest and other sources, leading to a net profit of ₹16,735.50 crore for the quarter. The announcement underscores the bank’s solid financial footing, strengthening its position in the banking industry and providing positive signals to stakeholders.

More about Hdfc Bank

HDFC Bank Limited is a prominent financial institution in India, primarily operating in the banking sector. It offers a wide range of financial products and services including loans, credit cards, savings and current accounts, investment products, and more. The bank is known for its robust retail and wholesale banking services and maintains a strong presence in both urban and rural markets.

YTD Price Performance: -7.96%

Average Trading Volume: 2,667,654

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $147.3B

For an in-depth examination of HDB stock, go to TipRanks’ Stock Analysis page.

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