HDFC Bank net up 20%

he gross NPAs came in at Rs 10,902.86 crore compared with Rs 10,097.73 crore in the preceding quarter and Rs 8,234.88 crore in the same period last year. The percentage of gross NPAs to gross advances was 1.38 per cent against 1.33 per cent on a sequential basis. Further, the net NPAs were at 0.42 per cent of the net advances as on December 31, 2018.HDFC Bank said in its note to accounts that there was no divergence observed by the Reserve Bank of India (RB1) for the financial year ended March 31, 2018, with respect to its asset classification and provisioning.However, during the quarter, provisions at HDFC Bank rose to Rs 2,211.53 crore from Rs 1,819.96 crore on a sequential basis and Rs 1,351.44 crore in the same period of the previous year.There was a robust growth in its loan book with total advances at Rs 7,80,951 crore as of December 31, 2018. The bank added that domestic advances grew 24.1 per cent over December 31, 2017. While retail loans grew 24 per cent and wholesale loans 24.1 per cent, the ratio between the two was 55:45. Dailyhunthttp://wiznotes.com/UserProfile/tabid/84/userId/141899/Default.aspx

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