Saturday, April 18, 2020

HDFC Bank posts 18% increase in net, provisions doubles

Internship at HDFC Bank enhanced my sales and marketing skills ...

HDFC Bank has reported 18 per cent year-on-year rise in net profit at Rs 6,928 crore, for the March quarter. 

Net interest income for the quarter climbed to Rs 15,204 crore from Rs 13,089 crore, driven by 21 per cent growth in advances and a 24 per cent growth in deposits.

 The bank's provisions and contingencies stood at Rs 3,785 crore in March quarter compared with Rs 1,899 crore in the same quarter last year.

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