HDFC Bank reported an 18.2 per cent on-year jump in standalone net profit to Rs 8,186.51 crore for the January-March quarter of FY21. The business had posted a profit of Rs 6,927.6 crore in the corresponding quarter of the earlier year. Amid the second COVID-19 wave, the business informed that its board has regarded as it prudent to at the moment not propose a dividend for the monetary year ended March 31, 2021. India’s biggest private sector lender’s Net Interest Income (NII), the distinction in between interest earned by way of lending and interest paid to depositors, witnessed a 12.6 per cent on-year rise to Rs 17,120 crore in the quarter below critique, as compared to Rs 15,204 crore in the exact same period final year. The Bank’s net revenues (net interest revenue plus other revenue) rose to Rs 24,713 crore in the fourth quarter of FY21 from Rs 21,236 crore in the earlier year.