HDFC Bank net profit up 30%, bad loans rise
Jul 17, 2013
On April 21, 2017 14:12 (IST)
Gross non-performing assets (NPA) of the bank as a percentage of total advances rose to 1.05 per cent during the March quarter, from 0.94 per cent in the same quarter of 2015 -16 fiscal.
On October 26, 2016 13:51 (IST)
Axis Bank was the top Nifty loser, the stock slumped over 7 per cent to hit intraday low of Rs 490 after the bank's net profit came in much lower than expectations and bad loans rose sharply in Q2.
On October 25, 2016 14:27 (IST)
HDFC Bank, the nation's second-biggest private sector lender, said on Tuesday net profit for July-September climbed 20 percent from a year ago to Rs 3,455 crore ($517 million), just beating analysts' estimate of Rs 3,415 crore.
On July 22, 2016 00:21 (IST)
HDFC Bank, which for the first time in recent years reported a spike in bad loans, on Thursday dismissed worries on the non-performing assets (NPAs) front, saying it does not have a stressed assets portfolio.
On July 21, 2016 14:03 (IST)
HDFC Bank Ltd said it was "comfortable" with the rise in bad loans in its fiscal first quarter as the nation's second-biggest private sector lender by assets reported net profit rose by a fifth in line with analysts' estimates.
On July 21, 2016 16:35 (IST)
However, HDFC Bank's gross bad loans as a percentage of total loans rose to 1.04 per cent as of June 30, from 0.94 per cent as of end-March.
On June 06, 2016 11:12 (IST)
Morgan Stanley expects private lenders and non-banking finance companies to continue to outperform their public sector counterparts at a time when the domestic economy is showing signs of recovery.
On April 22, 2016 15:45 (IST)
India's biggest private sector lender by market value surprised with 24 per cent jump in net interest income (interest earned on loans minus interest given on deposits). Analysts said rising NII is good for the banking system as it indicates robust credit growth.
On March 16, 2016 13:06 (IST)
Bad loans have hit the banking sector's advance tax payouts for March quarter, with SBI paying a 60 per cent lower tax, ICICI Bank showing a marginal increase, while HDFC Bank posting a 14 per cent growth in tax liability.
On January 25, 2016 15:39 (IST)
Net interest income - the difference between interest earned and interest paid - rose 24 per cent annually to Rs 7,068 crore and came ahead of Street estimates.
On December 04, 2015 17:54 (IST)
The combination of a more conservative stance among state-run banks - hit by bad loans - and a lack of demand as the economy slowed, has held back Indian business lending. But there are signs of a change.
On July 21, 2015 16:24 (IST)
The Mumbai-based lender said net profit rose to Rs 2,696 crore for its fiscal first quarter to June 30, from Rs 2,233 crore reported a year earlier.
On April 23, 2015 16:55 (IST)
HDFC Bank's net interest income grew 21.4 per cent in the March quarter as advances rose 20.6 per cent. Net interest margin was stable at 4.4 per cent. Bad loans as a percentage of total loans was at 0.9 per cent compared with 1 per cent in the third quarter.
On January 30, 2015 12:31 (IST)
The BSE Sensex plunged 450 points on Friday, while the broader Nifty dropped 130 points to below 8,850 amid a selloff in state-run lenders. The sub-index of PSU banks plunged over 5 per cent after Bank of Baroda reported a 69 per cent fall in quarterly profit due to higher provisions for bad loans and a surge in tax expenses.
On April 27, 2014 16:57 (IST)
Even as the public sector banks have made a beeline to dispose of their bad loans to the asset reconstruction companies (ARCs) in the March quarter, private banks are not only unenthused in adopting this route, but have also virtually shunned this.
On May 09, 2013 15:36 (IST)
State-run lenders in India posted a sharper decline in bad loans than expected in the March quarter, raising investor hopes that the worst is past for a sector hurt by the slowest economic growth in a decade.
On January 18, 2013 16:09 (IST)
HDFC Bank is not seeing much pressure on asset quality, although there may be an uptick in bad loans for some products, executive director Paresh Sukthankar said on Friday.
On June 02, 2012 15:31 (IST)
Subprime farmers are abusing the cheap loan system, but they are giving banks a multi-billion-dollar headache.