HDFC Bank Quarterly Results Date - 2017-2018 StudyChaCha

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Old September 13th, 2017, 12:16 PM
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Default HDFC Bank Quarterly Results Date

Hi I would like to have the information about HDFC Bank First Quarter Financial Year 2017-18 standalone net profit rises 20% year on year to Rs.3894 crore?
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Old September 13th, 2017, 12:43 PM
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Default Re: HDFC Bank Quarterly Results Date

Nation's second biggest private bank, HDFC Bank's accounted for quarterly outcome were in accordance with the road gauges. NII and net benefit for the quarter were to a great extent in accordance with the evaluated figure of Rs. 9337 crore and Rs. 3923 crore individually.

HDFC Bank's net premium wage earned (NII) for the quarter finished on June 30, 2017 remained at Rs. 9371 crore, up by 20.4% yoy. This was driven by normal credit development of 20.7%. Additionally, Interest earned for the quarter expanded by 13% yoy versus bring down development in premium consumed by 6% yoy.

Bank's arrangement for the quarter expanded generously by 79.9% yoy to Rs. 1559 crore.

Net profit amid the quarter enrolled a 20.2% yoy development to Rs. 3894 crore.

Net NPA's for the quarter rose 47% yoy to Rs. 7243 crore. This was significantly determined by ascend in NPA's from horticulture area which shapes 60% of current NPAs for Q1FY18. Further, regarding rate to add up to propels GNPA's for the quarter ascended by 20bps to 1.24% and net NPAs amid the period remained at 0.44% versus 0.32% in Q1FY17.

As on June 30, 2017 bank's CASA stores remains at 44% of aggregate stores.

Further, bank's capital sufficiency proportion (CAR) for the quarter remains at 15.6% according to Basel III standards.

Quarterly Results of HDFC Bank


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