Signals, Powered By EquityPandit
HDFC has posted a 54% YoY increase in profit at Rs.2,190 crore, for the quarter ended June,2018.
Net interest income (NII) during the quarter rose 20% YoY to Rs.2,890 crore, while in the June quarter last year it was Rs.2,412 crore. Net interest margin (NIM) dropped to 3.5%, from 4% a year ago. Gross non-performing assets (NPAs)came in at 1.18%.
AUM rose 18% to 3.52 lakh crore, with individual loans at 72% of the total loans. Further, the Board of HDFC has also approved raising of USD 1.5 billion via external commercial borrowings (ECBs) during the fiscal year ending March 2019.
