HDFC Bank gains over 2 pc on earnings lift

Shares of HDFC Bank further rose by over 2 per cent today after the company reported an 18.2 per cent growth in net profit for the March quarter.
The stock went up by 2.41 per cent to end at Rs 1,532.75 on BSE. During the day, it gained 2.75 per cent to Rs 1,538.
On NSE, shares of the company rose by 2.43 per cent to close at Rs 1,533.05.
On the volume front, 5.31 lakh shares of the company were traded on BSE and over 50 lakh shares changed hands on NSE during the day.
The stock had gained over 2 per cent on Friday also.

HDFC Bank on Friday reported an 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.

The country's second largest private sector lender had posted a net profit of Rs 3,374 crore in January-March period of 2015-16 fiscal.
Bad loans provisioning rose sharply during the quarter to Rs 1,261 crore, up from Rs 662 crore in January-March period of 2015-16, it said in a BSE filing.
Total income during the fourth quarter rose to Rs 21,560 crore, up from Rs 18,862 crore in the same quarter of the previous fiscal.
For full 2016-17 fiscal, HDFC Bank reported a net profit of Rs 14,549 crore, a growth of 18.3 per cent over the previous financial year.

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.