HDFC Bank Q3 net up 20% to Rs 5,586 crore

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The Economic Times | A Times Internet Limited product

Private lender HDFC Bank Saturday reported a 20.3 per cent growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly on higher net interest income. The bank had posted a net profit of Rs 4,642.6 crore in the October-December quarter of the last fiscal. Total income rose to Rs 30,811.27 crore during the December quarter from Rs 24,450.44 crore in the year-ago period, HDFC Bank said in a statement. During the quarter, gross non-performing assets (NPAs) rose to 1.38 per cent of the total advances, compared with 1.29 per cent at the end of the third quarter of 2017-18. Net NPAs of the bank declined to 0.42 per cent of the assets in October-December 2018, against 0.44 per cent a year ago. (Text: PTI).

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    Private lender HDFC Bank Saturday reported a 20.3 per cent growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly on higher net interest income. The bank had posted a net profit of Rs 4,642.6 crore in the October-December quarter of the last fiscal. Total income rose to Rs 30,811.27 crore during the December quarter from Rs 24,450.44 crore in the year-ago period, HDFC Bank said in a statement. During the quarter, gross non-performing assets (NPAs) rose to 1.38 per cent of the total advances, compared with 1.29 per cent at the end of the third quarter of 2017-18. Net NPAs of the bank declined to 0.42 per cent of the assets in October-December 2018, against 0.44 per cent a year ago. (Text: PTI)

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Beauty tips Video

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    Watch My other Vlogs -
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    Watch My Disney Princess to Indian Wedding Series here - Its fun to watch Indian Avatar of Disney Princesses -
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    Beauty Tips video | 1340 views