HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged at 4.3% from the same period in FY20

India’s biggest private sector bank, HDFC on Saturday announced its result for the previous quart....