Mumbai, Oct 24 (PTI) Private player HDFC Bank todayreported 20.1 per cent jump in net profit to Rs 4,151 crorefor the second quarter ended September 30, 2017-18.
It had earned Rs 3,455.3 crore profit in the July-September quarter of the last financial year.
The bank's total income for the quarter under review wasRs 23,276 crore, up from Rs 19,970.9 crore in the year-agoperiod.
Its gross non-performing assets (GNPAs) rose to 1.26 percent of gross advances from 1.02 per cent a year ago. The netNPAs also increased to 0.4 per cent from 0.3 per cent.
As a result, provisions and contingencies for the quarteralmost doubled to Rs 1,476 crore consisting of specific loanloss provisions Rs 749 crore.
Without specifying the name of the company, the bank madea declaration saying it had participated in a consortiumlending which underwent flexible structuring under 5:25regulatory framework as approved by the Joint Lender Forum inFebruary 2016.
"The conduct of the this account with the bank has beenstandard throughout. Nevertheless, in the interim the bank hasmade sufficient contingent provisions for this account as onSeptember 30, 2017," HDFC Bank made a declaration in itsresults.
The bank's total capital adequacy ratio (CAR) as perBasel III guidelines, was at 15.1 per cent as against 15.4 percent at the end of second quarter of the previous fiscal.
For the half year ended September, the bank's profit roseby 22.2 per cent to Rs 8,045 crore as compared to Rs 6,694crore in the same period of 2016-17 fiscal.
Total income of also improved to Rs 45,461.5 crore asagainst Rs 39,293.5 crore in the year-ago period. PTI DPSA.
This is unedited, unformatted feed from the Press Trust of India wire.
