HDFC Bank Q3 net rises 20.10% to Rs 4642.6 crore

Brunilde Fioravanti
Gennaio 19, 2018

HCL Technologies, the country's fourth largest IT firm, today posted a 6 per cent growth in consolidated net profit at Rs 2,194 crore for the quarter ending December compared to the same period of previous year.

The bank reported a net interest margin of of 3.5% 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 a year ago.

Total Net Income of Rs 33.11 billion in Q3FY18 y-o-y growth of 32.1%.

Net profit rose to 10.53 billion rupees ($165.11 million) in the quarter ended December 31, from 8.80 billion rupees a year earlier, the country's fourth-largest private bank by assets said in a statement.

40 percent to Rs 13,079 crore during the quarter from Rs 12,065 crore in the year-ago period, company said in a filing with BSE.

Provisions and contingencies for the quarter ended December 31, 2017 stood at Rs 1351.40 crore as against Rs 715.80 crore for the quarter ended December 31, 2016 and Rs 1476.20 crore in the sequential quarter ended September 2017.

Operating expenses for the quarter ended December 2017 came in at Rs 5,732.20 crore, which translates into an increase of 18.4 percent compared to Rs 4,842.50 crore reported in the year-ago period. Net NPA was 0.93 per cent in the quarter ending December 2017 compared to 0.29 per cent in the similar period a year ago.

"On the Digital front, Bank continues to reap benefits from its A.R.T. strategy proven through its leadership position in Merchant Payments for UPI with market share in excess of 75%", he further stated.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE