The next major Q4 earnings will be of the largest private sector lender HDFC Bank on Saturday. The fourth quarterly earnings are seen to be steady for the lender. HDFC Bank is expected to post double-digit growth in both net interest income (NIIs) and net profit year-on-year. While asset quality may remain stable with a further squeeze in gross NPA, however, provisions are seen to be elevated.

Ahead of Q4 results, HDFC Bank witnessed positive performance on Thursday on stock exchanges. On BSE, the stock closed at ₹1,693.30 apiece up by 0.51%.

HDFC Bank is the third largest Indian company and the largest in the banking sector in terms of market share. As of April 13, the bank’s m-cap stood at nearly ₹9.45 lakh crore.Trading will be closed on Friday due to the Ambedkar Jayanti celebration.

The private lender will be the first to announce its Q4 results in the banking sector. It will be announced on April 15.

HDFC Bank has already released its balance sheets performance for Q4FY23. In this quarter, the bank garnered advances of approximately ₹16,005 billion — rising by 16.9% from ₹13,688 billion in the same quarter last year. While the growth stood at 6.2% from advances of ₹15,068 billion in the December 2022 quarter.

Meanwhile, the bank’s deposits stood at ₹18,835 billion in Q4FY23, rising by 20.8% compared to ₹15,592 billion in Q4FY22. Also, it posted a growth of 8.7% from deposits of ₹17,332 billion in the preceding quarter.