Profit

HDFC Bank Posts Record Profit Of Rs 5,005 Crore In September Quarter

Asset quality was largely stable, with gross bad loans as a percentage of total loans standing at 1.33 per cent at the end of September.

 Share
EMAIL
PRINT
COMMENTS
HDFC Bank Posts Record Profit Of Rs 5,005 Crore In September Quarter

Fifteen analysts, on average, had expected a net profit of Rs 5,030 crore.


Bengaluru/New Delhi: HDFC Bank Ltd has reported record profit for the three months ending September 30 broadly in line with expectations, helped by higher interest and fee income. Net profit rose to Rs 5,005 crore ($682.16 million) for the quarter ended Sept 30, from Rs 4,151 crore a year ago, India's biggest lender by market capitalisation said in a statement. Fifteen analysts, on average, had expected a net profit of Rs 5,030 crore, according to I/B/E/S data from Refinitiv.

Asset quality was largely stable, with gross bad loans as a percentage of total loans standing at 1.33 per cent at the end of September, unchanged from the previous quarter and from 1.26 per cent in the same period last year.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top