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HDFC Bank has reported 20.11% year-on -year (YoY) increase in net profit at Rs.4,642.60 crore for the December quarter. Last year, in the corresponding quarter it had reported a net profit of Rs.3,865.33 crore.
Net interest income increased 24.13% YoY to Rs.10,314.34 crore during the quarter ended December 31, 2017, against Rs.8,309.09 crore in the corresponding quarter previous year.
Further, asset quality of the bank remained almost stable with percentage of gross non-performing assets (NPA) stood at 1.29%, against 1.26% QoQ. Percentage of net NPAs came at 0.44%, against 0.43% QoQ.
