HDFC Bank Projects 20% YoY Growth: Report

HDFC bank has reported net profit of INR 10,606 crores for September quarter, which is a 20 percent year-on-year growth. Its net interest income grew by INR 21,021 crores, that is, by 19 percent. These figures were lower than last year's estimates. The bank has released its

The bank's core net performing asset ratio was 1.23 percent, as against 1.28 percent one quarter ago, while its net interest margin was flat at a dismal 4.1 percent of total assets. Its non performing asset ratio (NPA) was 0.33 percent this September, as against 0.35 percent a quarter ago.