In response to queries from CNBC-TV18, the lender confirmed it had accepted Razdan’s resignation and clarified that there is “no such act or information known to us” connecting his departure to any irregularities related to CSR spending.
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HDFC Bank announced yesterday that Vinay Razdan has resigned from his position as Chief Human Resources Officer. The bank has accepted his resignation, which will take effect from the close of business hours on 18 June 2025.
HDFC Bank financial results
HDFC Bank posted stronger-than-expected results for the January–March 2025 quarter, with net profit rising 6.7% year-on-year to ₹17,616 crore. Net interest income (NII) grew by 10.3% to ₹32,066 crore, surpassing estimates from a CNBC-TV18 poll, which had projected a PAT of ₹17,058.1 crore and NII of ₹30,769.3 crore.
The bank’s net interest margin (NIM) on total assets stood at 3.54% for the quarter, up from 3.43% in the December quarter. Core operating profit remained robust, climbing 20.6% year-on-year to ₹26,146.7 crore and registering nearly a 5% sequential increase.
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Gross Non-Performing Assets (Gross NPA) during the quarter stood at ₹35,222.6 crore vs ₹36,018.6 crore in the third quarter. The GNPA ratio was at 1.33% versus 1.42% in the previous quarter, while the net NPA ratio was 0.43% versus 0.46% in the previous quarter (October-December 2024).
Provisions for the quarter stood at ₹3,193 crore compared to ₹3153.85 crore in the third quarter (Q3FY25) and ₹13,511.6cr in the same quarter last year.
Shares of HDFC Bank Ltd ended at ₹1,934.80, up by ₹0.90, or 0.047%, on the BSE.
(Edited by : Ajay Vaishnav)
