HDFC Bank Q3 net rises by 20.10 percent

Mumbai, Jan 19: Private sector lender HDFC Bank reported a rise 20.10 percent in its net profit at Rs 4,642.60 crore for the quarter ended December 31,2017 as compared with net profit of Rs 3,865.33 crore in the same quarter of last fiscal.

Total income for the quarter under review rose by 17.84 percent to Rs 24,450.44 crore as compared with Income of Rs 20,748.27 crore in the year-ago period.
Net interest income grew by 24.1 per cent to Rs 10,314.3 crore during the quarter under review from Rs 8,309.1 crore reported in the corresponding quarter a year ago. HDFC Bank's net interest margin stood at 4.3 per cent for the quarter.
The net non-performing assets (NPAs) as a percentage of total loans rose marginally to 0.44 per cent at the end of December, from 0.32 per cent in same period last year.
HDFC Bank's provisions (other than tax) and contingencies increased to Rs 1,351.44 crore as against Rs 715.78 crore reported in the corresponding period a year ago. UNI