HDFC Bank net profit rises to 20%
Image Credit: Facebook/@HDFC.bank
India’s biggest private lender HDFC reported a 20% rise in its net profit for the January-March quarter at 47.99 billion rupees. It was observed as the highest-ever quarterly profit by private banks. The company becomes one of the few banks, which suffered a major financial risk. The percentage of NPAs remained low and stable with 0.40% till March-end when compared to 0.44% till the end of December.