HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr

PTI | Mumbai | Updated: 16-01-2021 17:12 IST | Created: 16-01-2021 17:12 IST
HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr

The country's largest private sector lender HDFC Bank on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter.

At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore.

Its total income increased to Rs 37,522 crore on a standalone basis compared to Rs 36,039 crore in the year-ago period.

The results, the first earnings to be declared by the bank under new chief executive and managing director Sashidhar Jagdishan, displayed an improvement in the asset quality.

The gross non-performing assets (NPA) ratio stood at 0.81 per cent of the total assets as against 1.42 per cent in the year-ago period and 1.08 per cent at the end of the preceding September quarter, the bank said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...


Latest News

Odisha govt to set up District Investment Promotion Agencies

In a bid to promote and facilitate investment across the State, the Odisha government on Monday announced the setting up of District Investment Promotion Agencies DIPAs in 30 districts. According to the Industries Department, DIPA, in each ...

Fire in Thane residential building, 32 electric meters gutted

A fire broke out in an electricity meter box room of a housing complex in Maharashtras Thane city in the wee hours of Tuesday, a civic official said.At least 32 electric meters were completely destroyed in the blaze, he said, adding that no...

Spring Sales March Expo Lets Buyers Meet Chinese Suppliers In Real-Time Without Travel

NANJING, China, March 8, 2021 PRNewswire --, Chinas leading comprehensive third-party B2B e-commerce platform, is hosting a massive virtual sourcing event, the Spring Sales, from March 1 to March 31, 2021 accessible via it...

pSemi Opens New Design Center in India

India Expansion Bolsters pSemis Global Leadership Position in Semiconductor Innovation SAN DIEGO, March 9, 2021 PRNewswire -- pSemi Corporation, a Murata company focused on semiconductor integration, announces the opening of a new design ce...

Give Feedback