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HDFC Bank Q4 Net Rises 18%; Bad Loan Provisioning Soars

21 April, 2017 8:42 AM
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HDFC Bank Q4 Net Rises 18%; Bad Loan Provisioning Soars

New Delhi: HDFC Bank today reported an 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.

The country's second largest private sector lender had posted a net profit of Rs 3,374 crore in the January-March period of 2015-16 fiscal.

Total income during the fourth quarter rose to Rs 21,560 crore, up from Rs 18,862 crore in the same quarter of the previous fiscal.

For full 2016-17 fiscal, HDFC Bank reported a net profit of Rs 14,549 crore, a growth of 18.3 per cent over the previous financial year.

Gross non-performing assets (NPA) of the bank as a percentage of total advances rose to 1.05 per cent during the March quarter, from 0.94 per cent in the same quarter of 2015 -16 fiscal.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Also read: Wheels India Q4 net rises by 8.4%

Source: profit.ndtv.com

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