The profit of the country's largest bank reached 11,952 crores, you will also benefit like this

HDFC Bank Result: The country's largest private bank HDFC Bank has won even in the quarterly results. After the merger, it has become the seventh largest bank in the world.

HDFC Bank, the country's largest private bank, has made bumper profits in the quarter ended June. During this, the bank has earned a net profit of 30 per cent. During this quarter, the profit of HDFC Bank has increased to Rs 11952 crore. Which was Rs 9,196 crore in the previous quarter.

HDFC Bank is not only witnessing a record increase in profits. Rather, after the merger of HDFC and HDFC Bank, it has become the seventh largest bank in the world. In the results of HDFC Bank, a strong increase in the net interest income of the bank has also been registered. During this period, the bank's net interest income has increased by 21.1 percent to cross Rs 23,599 crore.

Market cap also at record level

After the merger before the quarterly results of HDFC Bank, HDFC Bank has become the seventh largest bank in the world. In fact, after the listing of the new stock, the market value of HDFC Bank has crossed Rs 12.4 lakh crore. After the merger, on July 17, HDFC Bank shares worth Rs 311 crore were listed in the stock market.

What will change now

After the merger, the shareholders will get 42 shares for every 25 shares of HDFC in the new pattern. The trading of these shares has started in the market from today. After this change, now HDFC Bank has left behind world giants like Morgan Stanley, China Construction Bank, Bank of China. Talking about the whole world, HDFC Bank will now directly compete with giants from JP Morgan, Bank of America, Agriculture Bank of China. Let us tell you that in terms of market cap, HDFC Bank is the largest private sector bank in the country. Whereas in the government sector, this title is achieved by the State Bank of India.