HDFC Bank Q4 net profit at Rs 2327 crores; meets estimates

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HDFC Bank has reported profits that were largely in line with estimates with net profits for the quarter ending March 31, 2014 coming in at Rs 2327 crores.

Net interest income has come in at Rs 4952 crores for the same period. Gross non performing assets were placed at 1 per cent for the quarter as against a similar figure for the last quarter.

The net non performing assets were marginally up at 0.3 per cent of advances as against 0.2 per cent reported in the previous quarter.

The board of directors of the company have recommended a dividend of Rs 6.85 per share. The stock was up 1 per cent following its results, which were more or less in line with estimates.

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