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.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
