HDFC Bank lends more, earns more, and still grows profit by only 4.7%
- • HDFC Bank posted a net profit of Rs 19,510 crore for the September quarter, up 4.7 per cent from a year ago.
- Net interest income rose 9.7 per cent to Rs 34,619 crore. Gross advances grew 16.3 per cent.
- Profit grew slower than income because treasury gains fell to Rs 780 crore from Rs 2,390 crore.
- Gross NPA improved to 1.11 per cent. Net interest margin stood at 3.16 per cent.
Source: economictimes.indiatimes.com
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