HDFC Bank Q1 net up 34 per cent

The bank had reported Rs 606 crore profit in the corresponding quarter last fiscal.
Total income rose by 4.3 per cent to Rs 5,360 crore in the April-June quarter up from Rs 5,136 crore in the same period last year, HDFC Bank said.

Gross non-performing assets declined to 1.21 per cent from 2.05 per cent during the quarter, while the net interest margin rose marginally to 4.3 per cent from 4.2 per cent a year earlier.

The bank’s provisions were down at Rs 555 crore from over Rs 658 crore in the same quarter last fiscal.

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