HDFC Bank reports 18.04% jump in Q1 consolidated net at Rs 5,676.06 cr

During the quarter, gross non-performing assets (NPAs) rose to Rs 11,768.95 crore which is 1.40 per cent of the total advances

Private lender HDFC Bank Saturday reported an 18.04 per cent increase in its consolidated net profit at Rs 5,676.06 crore for the April-June quarter on the back of healthy growth in core income and restricted bad loan proportions.

The bank's net profit during the similar April-June quarter of the previous fiscal stood at Rs 4,808.35 crore.

Consolidated income of the bank rose to Rs 34,324.45 crore April-June 2019 from Rs 28,000.06 crore in the year-ago quarter, the bank said in a regulatory filing.

The interest income grew to Rs 29,176.45 crore in the first quarter of 2019-20 from Rs 23,978.67 crore in the