NHB net profit down 3% at Rs 375 cr in H1 FY16

NHB is the apex regulatory and refinancing institution for housing finance companies

National Housing Bank (NHB) reported Saturday a 2.80% decline in net profit at Rs 374.99 crore for the first half of the fiscal ended December 31.

NHB, which follows July-June financial year, had reported a net profit of Rs 385.82 crore in the corresponding period a year ago.

The total income of NHB increased by 5.72% to Rs 2,005.29 crore from Rs 1,896.79 crore ported in the corresponding period a year ago.

Net Non-Performing Assets (NPAs) were at 0.30% of the total advances during the quarter as against 0.27% reported in the half year ended December 31, 2014.