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HDFC Bank posts 18% net profit in Q1

Saturday, July 21, 2018, 9:55
This news item was posted in Business category and has 0 Comments so far.

HDFC Bank on Saturday reported 18.17 per cent year-on-year (YoY) rise in net profit at Rs 4,601.44 crore for the quarter ended June 2018. It had posted a net profit of Rs 3,893.84 crore in the corresponding quarter last year.Net interest income (NII) of the lender jumped 15.40 per cent YoY to Rs 10,813.57 crore in Q1FY19 over Rs 9,370.74 crore in Q1FY18.Asset quality of HDFC Bank remained almost stable during the quarter under review.Percentage of gross non-performing assets (NPA) stood at 1.33 per cent for the quarter ended June 2018 as against 1.30 per cent in the sequential quarter ended March 2018.Percentage on net NPA stood at 0.41 per cent as against 0.40 per cent on QoQ basis.MORE TO COME…

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