November 23, 2024 11:44 (IST)
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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.
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