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HDFC Bank registers 18.2% growth in net profit at Rs 3,990 crore in Q4; NPA provisioning rises

HDFC Bank On Friday Registered An 18.2 Per Cent Growth In Net Profit At Rs 3,990 Crore For The March Quarter.

PTI | Updated on: 21 Apr 2017, 04:27:36 PM
HDFC Bank (Image: PTI)

New Delhi:

HDFC Bank on Friday registered 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. 

Also read: HDFC Bank reports third quarter net profit at Rs 3,865.33 crores, up 15.14 per cent

Also read: HDFC Bank, ICICI Bank, Axis Bank begin charging Rs 150 per transactions beyond specified limit

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First Published : 21 Apr 2017, 04:21:00 PM