For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

HDFC Bank Q1 2014 surges to Rs 1844 cr; stock down

|

HDFC Bank reported net profits for Q1 2014 that were largely in line with expectations at Rs 1844 crore against Rs 1,417.4 crore reported for the corresponding period of last year.

The net interest income was also significantly higher at Rs 4,419 crore versus Rs 3,484 crore, YoY. The gross NPAs were around 1 per cent, the same as that of last year. The net NPAs increased to 0.3 per cent from 0.2 per cent year on year.

 

The stock was down in trade largely reflecting poor sentiments for banking stocks following the RBI's move to hike MSF requirements for banks.

GoodReturns.in

Read more about: hdfc bank
Story first published: Wednesday, July 17, 2013, 14:32 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more