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The private lender HDFC Bank reported a 20.6% increase in net income to 55,005.73 for the second quarter ended September 2018, from 1514,151.03 in the corresponding quarter of the year. previous.
The quarter increased by 21.2 percent to 28,215.15 crores of rupees (23,271.18 crore rupees), the bank said in a regulatory file with the stock exchanges.
Gross non-performing badets represented 1.33% of gross advances at the end of September. 2018, up 1.26% at the end of September 2017. For the quarter ended June 2018, the gross NPA was 1.33%.
Net NPAs, however, fell to 0.4% of net lending at the end of the second quarter, down from 0.43% a year earlier. For the June quarter of this year, the net amount of the APN was 0.41%.
Net interest income increased by 20.6% to Rs. 11,763.4 crore thanks to average badet growth of 22.9% and a net interest margin of 4%. , 3%. During the same period last year, net interest income amounted to 9,752.1 billion kroner.
During the quarter under review, the bank had issued credits in the amount of 1,820 kronor to cover provisions and provisions for loan losses in the amount of and other provisions of 247.5 crores of ₹. The bank had established a provision of Rs 1,476.2 crore for the quarter ended September 2017.
The bank indicated that its deposits had increased by 20.9% to 8 333 364 crores during the quarter, with CASA deposits (current accounts and savings) up 18.3%. As a result, the liquidity coverage improved to 118%, which is significantly higher than the regulatory requirements. The capital ratio improved from 15.1% at the end of September 2017 to 17.1%.
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