HDFC Bank Q4 Net Rises 18%

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HDFC Bank 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. HDFC Bank To Raise Transaction Fees From March 1

HDFC Bank Q4 Net Rises 18%

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. How To Block Lost HDFC Credit Card By Net Banking?

Shares of HDFC Bank were trading at Rs. 1,468.75, up 0.47 per cent over their previous close on the BSE.

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Read more about: hdfc, net profit
Story first published: Friday, April 21, 2017, 16:50 [IST]
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