HDFC Bank Q1 Results: Provisions see a sharp jump; board approves bonus, dividend

HDFC Bank’s provisions for the quarter increased significantly from the March quarter figure of ₹14,441 crore to ₹3,193 crore.

HDFC Bank’s provisions for the quarter increased significantly from the March quarter figure of ₹14,441 crore to ₹3,193 crore.

ICICI Bank’s provisions for the quarter also saw an increase to ₹1,814 crore from ₹890 crore during the March quarter.

HDFC Bank’s core income and net profit were both higher than the CNBC-TV18 poll estimate, while asset quality saw a marginal deterioration, albeit it remained stable.

This will also be the fourth instance that Karur Vysya will be issuing bonus shares for its shareholders.

Union Bank of India’s net profit for the quarter increased by nearly 12% on a year-on-year basis to ₹4,115 crore. The lender had reported a net profit of ₹3,678 crore during the year-ago quarter. This is after other income being…

RBL Bank’s asset quality saw some deterioration from the March quarter, with gross NPA at 2.78% from 2.6% in March, while Net NPA stood at 0.45% from 0.29% in March.

Suzlon Energy shareholding pattern as of the June quarter showed a 1.03% stake for Motilal Oswal Mutual Fund.

Yes Bank’s advances for the period grew only 5.1% from last year and dropped 2% sequentially to ₹2.41 lakh crore, while deposits grew by 4% from the year-ago quarter to ₹2.75 lakh crore. Deposits too, were down 3% from the…

IndusInd Bank’s board will meet once next week to consider various fund raising proposals, and again a few days later to consider its June quarter results.

HDFC & ICICI Bank Q1 Results Live Updates: India’s two largest private lenders, HDFC Bank Ltd. and ICICI Bank Ltd. are set to report results later today. While HDFC Bank has already shared some of its parameters in terms of…