April 08, 2025 01:57 pm (IST)
Follow us:
HDFC Bank sees marginal increase in NPA in latest quarter compared to last year
Mumbai, Apr 22 (IBNS) India's second largest private sector bank by assets, HDFC Bank, reported its results for the quarter ended Mar 31, 2016, on Friday.
The Bank reported that its net profit increased 20 per cent to Rs 3374 crore for the quarter ended Mar 2016 compared to the quarter ended March 2015 (year-ago quarter).
Its total income for the quarter increased to Rs 18,862. crores, up from Rs 15,570.1 crore reported in the year-ago quarter.
Net interest income increased 24 per cent to Rs 7,453 crore from Rs 6013 crore reported in the same quarter a year ago.
The Bank's net non-performing assets increased to 0.28 per cent in the reported quarter while it was 0.25 per cent in the year-ago quarter.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Axis Bank introduces In-App Mobile OTP to enhance digital security
Mon, Apr 07 2025
Indian govt hikes excise duty on petrol, diesel
Mon, Apr 07 2025
Finance Minister Nirmala Sitharaman to embark on official visit to UK, Austria tomorrow
Mon, Apr 07 2025
‘Now you hear my rant’: Startup founder fires back at Piyush Goyal’s swipe, blames system for stifling deep-tech innovation
Sun, Apr 06 2025
Anand Mahindra sees opportunity for India amid Trump’s tariff storm
Sat, Apr 05 2025