HDFC Bank reports 21% rise in Q1 net profit at Rs 5,568.2 crore

Private sector lender HDFC Bank on Saturday reported a 21% year-on-year rise in net profit at Rs 5,568.2 cr for the quarter ended June 30, 2019 (Q1FY20).

The bank had posted a net profit of Rs 4,601.44 crore in the corresponding period last year. 

HDFC Bank reported a net interest income (NII) of Rs 13,924 crore in Q1FY20, up 22.9% from the Rs 10,813.6 crore reported in the corresponding period last year.

The lender's gross NPA came in at Rs 11,769 crore, while the net NPA came in at Rs 3,567 crore.

Analysts at Prabhudas Lilladher had pegged