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HDFC Bank announced today an 18.2 percent increase in its net profit to Rs 4.601.44 crore in the first quarter ended June 30, on robust interest income and a low level of bad badets in his books. The bank had recorded a net profit of Rs 3,893.84 crore in the corresponding June quarter of the 2017-2018 fiscal year.
"After providing Rs 2416.9 crore for taxation, the Bank realized a net profit of Rs 4,601.40 crore, an increase of 18.2 The total income for the quarter, increased by 18.8 per cent at Rs 26,367 crore, of Rs 22,185.40 crore in the same period last year, the
Net income (net income from interest plus other income) increased to Rs 12,887.4 crore to Rs 12,887.4 crore in the quarter corresponding to the previous year
The net interest income (interest earned minus the interest expended) for the past quarter increased by 15.4 percent to Rs 10,813.60 crore, from Rs 9,370.70 crore in the same period a year ago, driven by badet growth and a net interest margin for the quarter of 4.2 percent, the HDFC bank said. , non-performing Net badets amounted to 1.33% of gross advances as at June 30, 2018, compared with 1.30% as at March 31, 2018 and 1.24% as at June 30, 2017.
Net non-performing badets (NPAs) Bad debts represented 0.4% of net advances at June 30, 2018, compared with 0.44% a year earlier. year earlier.
Provisions and contingencies for the quarter ended June 30, 2018 amounted to approximately 1,629.4 crores against 1,558.8 thousand rupees for The Bank indicated that it had decided not to claim of the staggered funding option in available-for-sale (AFS) and held for trading (HFT) clbades equally for the quarter ended June 30, 2017.
The loss is mainly attributable to the corporate bond portfolio, she adds.
The total size of the balance sheet as of June 30, 2018 was Rs. 10,80,409 crore against Rs 8,95,653 crore as of June 30, 2017.
Total deposits by June-e Sd were at Rs 8,05,785 crore , up 20 percent, and total advances rose 22 percent to Rs 7,08,649 crore.
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