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HDFC Bank Q3 net profit rises 15.14% to Rs 3,865.33 crore

New Delhi: HDFC Bank today reported a 15.14 percent growth in net profit to Rs 3,865.33 crore for the third quarter of the current fiscal.

Reuters

Reuters

The private sector bank had posted a net profit of Rs 3,356.84 crore in the October-December quarter of last fiscal. Total income rose to Rs 20,748.27 crore during the
December quarter, up 13.48 percent, from Rs 18,283.31 crore in the year-ago period.

Net interest income grew by 17.6 percent to Rs 8,309.1 crore during the quarter driven by average asset growth of 18.6 percent. HDFC Bank's net interest margin stood at 4.1 percent for the quarter.

The net non-performing assets (NPAs) as a percentage of total loans rose marginally to 0.32 percent at the end of December, from 0.29 percent in same period last year.

HDFC Bank's provisioning for bad loans increased by 9.46 percent to Rs 715.78 crore as against Rs 653.88 crore reported in the corresponding period a year ago.

Shares of HDFC Bank were trading at Rs 1258.10, up 1.07 percent, on the BSE.


Updated Date: Jan 24, 2017 13:24 PM

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