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

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.


By   |  Updated On : April 21, 2017 04:27 PM
HDFC Bank (Image: PTI)

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

First Published: Friday, April 21, 2017 04:21 PM

POPULAR TAGS: Hdfc Bank Net Profit, Hdfc Bank Npa, Non Participating Assets, Hdfc Data In Q4, Private Banks,


For latest india news on mobile, download News Nation Android app, Windows app and Iphone app. Also like News Nation's official Facebook page and follow us on Twitter and Google Plus to stay tuned to latest news.

MORE FROM NEWS NATION