HDFC Bank Q3 net profit rises 33% to 7416 crore
The private sector lender posted a net profit ₹7416.48 crore for the three months ended 31 December compared to ₹5585.85 crore in the year-ago period
Other income, which includes core fee income, rose 35.53% to ₹6669.28 crore in the three months from ₹4921.01 crore a year ago
Gross non-performing assets (NPAs), as a percentage of total advances, were at 1.42% in the December quarter compared with 1.38% in the September quarter and 1.38% in the year-ago December quarter.
Provisions during the quarter increased 37.62% to ₹3043.56 crore as against ₹2211.53 crore in the year-ago quarter. In the July-September quarter, the bank had set aside ₹2700.68 crore in provisions.
Post-provision, the net NPA ratio was at 0.48% against 0.42% in the July-September quarter and 0.42% in the year-ago quarter.
Source : Live Mint