Net interest income (interest earned less interest expended) or NII grew 21.5% to Rs 9,055 crore, YoY, driven by average assets growth of 19% and a core net interest margin for the quarter of 4.3%, HDFC Bank said in a press release.
The bank’s assets quality remains stable on sequential basis. Gross non-performing assets (NPA) were at 1.05% of gross advances in Q4FY17, as against 1.05% in Q3FY17 and 0.94% in Q4FY16.
Net NPAs as percentage to net advances were at 0.33% during the quarter under review, as against 0.32% in previous quarter and 0.28% in a year ago quarter.
At 02:42 pm; the Nifty 50 index was down 0.24% at 9,114. The trading volumes on the counter jumped more than three-fold with a combined 3.51 million shares changed hands on BSE and NSE so far.