HDFC Bank Q1 net up 30% at Rs1,844 crore
Moneylife Digital Team 17 July 2013
As of 30 June 2013, HDFC Bank's portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1% of gross advances and net non-performing assets at 0.3% of net advances
 
Private sector lender HDFC Bank on Wednesday reported 30% growth in net profit at Rs1,843.86 crore for the quarter ended June 2013.
 
The bank had earned net profit of Rs1,417.39 crore in the April-June quarter of the 2012-13, HDFC Bank informed the exchanges.
 
The total income of the bank rose to Rs11,588.56 crore in the April-June quarter, from Rs9,536.9 crore in the same period last year.
 
The net interest margin for the bank was 4.6% as compared to 4.3% in the same period of the previous year.
 
As of 30 June 2013, HDFC Bank's portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1% of gross advances and net non-performing assets at 0.3% of net advances.
 
The bank's Capital Adequacy Ratio (CAR) as of 30th June stood at 15.5%.
 
Shares of HDFC Bank closed at Rs 662.25 apiece on the BSE, down 2.36% from their previous close.
 
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