HDFC Bank Q1

HDFC Bank Q1 profit rises 35% to ₹16,174.75 crore, NPAs Increases

HDFC Bank reported a year-on-year increase of 35.3% in profit after tax (PAT) to Rs 16,174.75 crore for the first quarter of the current financial year.

But on a quarterly basis, the bank’s net profit dropped 2.1%. The bank’s gross NPA ratio increased to 1.33% as of June 30 from 1.24% in the previous quarter and 1.17% as of the same period last year. Similarly, the net NPA ratio increased to 0.39%, compared to 0.33% as of March 31 and 0.30% as of June 30, 2023.

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Source: Moneycontrol

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