Comments
Private sector HDFC Bank has posted a 20.6 per cent increase in its net profit to Rs 5,005.7 crore in the second quarter of the fiscal as against Rs 4,151.03 crore in the same period a year ago.
The bank’s total income grew 21.2 per cent to Rs 28,215.2 crore (Rs 23,276.2 crore).
Net interest income for the second quarter grew by 20.6 per cent to Rs 11,763.4 crore (Rs 9,752.1 crore), driven by average asset growth of 22.9 per cent and a net interest margin for the quarter of 4.3 per cent, the bank said in a statement on Saturday.
The lender’s provisions and contingencies for the second quarter of 2018-19 grew by 23.2 per cent to Rs 1,820 crore (Rs 1,476.2 crore).
Gross non-performing assets were at 1.33 per cent of gross advances as on September 30, 2018 as against 1.33 per cent as on June 30, 2018 and 1.26 per cent as on September 30, 2017.
Net non-performing assets stood at 0.4 per cent of net advances as on September 30, 2018, slightly lower than the 0.43 per cent a year ago.
The bank said its total balance sheet size as of September 30, 2018, was Rs 11,69,898 crore (Rs 9,33,637 crore). Total deposits grew by 20.9 per cent to Rs 8,33,364 crore by the end of the second quarter compared to a year ago. Meanwhile, total advances increased by 24.2 per cent to Rs 7,50,838 crore by September 30, 2018.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.