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