HDFC Bank Ltd.

HDFC Bank has made additional general provisions of Rs 206.3 crore towards the stressed telecom and iron & steel sectors during the first quarter of FY18. Posting a 20 percent growth in net profit of Rs 3,894 crore in the three-month period, the country’s second largest private lender has seen stress increasing from the agriculture, telecom and iron & steel sectors.

The bank’s total loan loss provisions during the quarter stood at Rs 1,343.2 crore and general provisions of Rs 206.3 crore. The general provisions also include Rs 121 crore set aside towards agriculture loans.

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.