Categories: Top Stories

HDFC Bank Net Profit Increases 16% to Rs 7,729 Crore

Mumbai: HDFC Bank reported a lower net profit from Rs 7,729.6 Crore for the quarter ended June 2021, an increase of 16.1% over the quarter in accordance last year.
The bank recorded a net profit of Rs 6,658 Crore in the quarter in accordance with last year and RS 8,186 Crore for the quarter ended March 2021.
The advantage was limited by a 23% increase in the provisions of the RS 4,803 Crore from Rs 3,891 Crore in the same quarter of the year.
Gross non-performing asset ratio (bad loan) for gross progress rose to 1.47% from 1.36% a year ago.
Speaking at the Bank Annual General Meeting on Saturday, Asu Chakraborty, Chair, HDFC Bank, said the pandemic has induced general risk aversion translated into lower expenditure.
In the RBI action against the bank because it could not improve interference at the online service, Chakraborty said they had taken action in the right spirit.

news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago