HDFC Bank Q4 Net Rises 18%; Bad Loan Provisioning Soars
Apr 21,2017 , 02:36 PM IST
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.
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 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.
Shares of HDFC Bank were trading at Rs. 1,468.75, up 0.47 per cent over their previous close on the BSE.