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Net interest income rose 15.6% year on year to Rs 2,534 crore, while total net income increased 14% to Rs 2,891 crore. Ramesh Ganesan, managing director and chief executive of HDB Financial Services, said the festive season was expected to provide a significant boost to consumer finance. The company has also begun using artificial intelligence to shorten customer onboarding time in the segment. Net interest margin widened to 8.23% from 7.95% a year earlier but narrowed from 8.35% in the June quarter. Credit costs fell 2.5% year on year to Rs 730 crore. The gross loan book grew 12% year on year to Rs 1.24 lakh crore at the end of September. Quarterly disbursements rose 19% to Rs 18,522 crore, while the customer base expanded 18.4% to 24.8 million. Secured loans accounted for 74% of the loan book. Speaking to analysts, chief financial officer Jaykumar Shah said disbursement momentum was expected to strengthen in the second half, with Q3 typically better than Q2 and Q4 better than Q3. Growth is expected to be driven by loan against property, gold loans and unsecured business loans. The company’s capital adequacy ratio stood at 21.37% at the end of September. The board declared an interim dividend of Rs 2 per equity share. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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