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Private sector lender HDFC Bank on Saturday reported an 18.2 per cent increase in its net profit for the fist quarter of the fiscal along with stable asset quality.
The lender's net profit increased to Rs 4,601.44 crore for the quarter ended June 30, 2018, against Rs 3,893.84 crore in the same period last fiscal.
Total income of the bank grew 18.8 per cent in the first quarter of 2018-19 to Rs 26,367 crore from Rs 22,185.40 crore in the same period last fiscal.
Meanwhile, gross non-performing assets showed a marginal increase at 1.33 per cent of gross advances as on June 30, 2018. It amounted to 1.24 per cent in the first quarter of last fiscal and at 1.30 per cent as on March 31, 2018.
Net NPAs as a per cent of net advances was however, slightly lower at 0.4 per cent as on June 30, 2018, compared with 0.44 per cent a year ago. For the quarter under review, provisions rose to Rs 1,629.4 crore compared with Rs 1,558.8 crore a year ago.
HDFC Bank shares had ended down by 0.2 per cent at Rs 2,190.10 on the BSE.
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