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HDFC Bank reports 20% rise in Q1 net profit

24 Jul 2017 Evaluate

HDFC Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 20.22% rise in its net profit at Rs 3893.84 crore for the quarter under review as compared to Rs 3238.91 crore for the same quarter in the previous year. Total income of the Bank increased 14.82% at Rs 22185.38 crore for Q1FY18 as compared to Rs 19322.63 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 1.24%, as compared to 1.04% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.44% in Q1FY18.

Peers
Company Name CMP
HDFC Bank 704.75
ICICI Bank 1350.40
Axis Bank 1254.00
Kotak Mahindra Bank 439.50
Indusind Bank 877.75
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