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HDFC Bank Q4 net profit rises 18% to Rs 3,990 cr; NPA provisioning up

India Today logo India Today 3 days ago
HDFC Bank Q4 net profit rises 18% to Rs 3,990 crore; NPA provisioning rises © Provided by India Today HDFC Bank Q4 net profit rises 18% to Rs 3,990 crore; NPA provisioning rises

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.

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.

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