Home / Companies / Results / HDFC Bank PBT up 5.15% in April-June; provisions increase by 49%

HDFC Bank PBT up 5.15% in April-June; provisions increase by 49%

Net profit for reporting quarter rises by 19.6 per cent to Rs 6,658.62 crore from net profit of Rs 5,568.16 crore in Q1FY20

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The bank said it has used its analytical models to determine slippages, resulting in a more expedited recognition of NPAs, and accelerated corresponding specific provisions

Abhijit Lele Mumbai

3 min read Last Updated : Jul 18 2020 | 3:05 PM IST

Private sector lender HDFC Bank has posted a 5.15 per cent rise in profit before tax (PBT) at Rs 8,973.8 crore for the first quarter ended June 2020 (Q1FY21). It had posted a PBT of Rs 8,533.6 crore in quarter ended June 2019 (Q1FY20).

Its net profit for reporting quarter rose by 19.6 per cent to Rs 6,658.62 crore from net profit of Rs 5,568.16 crore in Q1FY20.

The Net Interest Income (NII) grew by 17.8 per cent on a Year-on-Year basis from Rs 13,294.3 crore in Q1FY20 to Rs 15,665.4 crore in Q1FY21, driven by 20.0 per cent growth in advances

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