HDFC Bank Q4 net up 18% to Rs 3,990 cr; NPA provisioning rises

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

PTI April 21, 2017 15:17:19 IST
HDFC Bank Q4 net up 18% to Rs 3,990 cr; NPA provisioning rises

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

HDFC Bank Q4 net up 18 to Rs 3990 cr NPA provisioning rises

Reuters

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.

Bad loans provisioning rose sharply during the quarter to Rs 1,261 crore, up from Rs 662 crore in the January-March period of 2015-16, it said in a BSE filing.

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 percent over the previous financial year.

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

Shares of HDFC Bank were trading at Rs 1,468.75, up 0.47 percent over their previous close on the BSE.

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