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What is HDFC Bank Q1 Profit Rises 20% about?

HDFC Bank reported a 20% increase in net profit to Rs. 3,238.91 crores for the quarter ended June 30, 2016, in line with expectations. Net interest income grew 21.8% to Rs. 7,781.44 crores. Non-performing assets increased 13.1% to Rs. 1,493.39 crores while the percentage of net NPAs to net advances was 0.32%. Other income rose 14% to Rs. 2,806.61 crores.

Author

Subham Mazumdar

Language

EN