HDFC Bank Q4 profit rises 18% to Rs3,990 crore, bad loans stable

By Rob 0

Mumbai: HDFC Bank Ltd, India’s second-biggest lender by assets, reported fourth-quarter net profit rose 18.3% on higher interest and fee income, slightly ahead of estimates.

Net profit was Rs3,990 crore ($ 617.60 million) for the three months to 31 March, compared with Rs3,374 crore reported a year ago, HDFC Bank, the most valuable lender in the sector, said on Friday.

Analysts, on average, had expected a net profit of Rs3,956 crore, according to data compiled by Thomson Reuters.

Gross bad loans as a percentage of total loans, at 1.05%, were little changed from end-December. Reuters

First Published: Fri, Apr 21 2017. 01 42 PM IST

[Source: livemint.com]