Asset quality stable; will grow ahead of industry: HDFC Bk

Written By Unknown on Senin, 16 Februari 2015 | 10.54

Paresh Sukhtankar of HDFC Bank says neither funds nor capital were a constraint for growth and asset quality in the third quarter was largely stable. He, however, adds that a further pick-up in the bank's growth will depend on GDP growth

HDFC Bank 's total deposits rose 18.6 percent at Rs 4.14 lakh crore year-on-year, while advances were up 17 percent at Rs 3.47 lakh crore compared to the year-ago period, is the word coming in from Paresh Sukhtankar of HDFC Bank.

The private sector bank's net profit rose 20.2 percent year-on-year to Rs 2794.5 crore in the quarter ended December 31, from Rs 2325.7 crore in the corresponding quarter last fiscal.

Sukhtankar says neither funds nor capital were a constraint for growth and asset quality in the third quarter was largely stable. He, however, adds that a further pick-up in the bank's growth will depend on GDP growth, but says it will continue to grow ahead of industry.

HDFC Bank saw pick-up in retail growth this quarter, but Sukhtankar says there is no visible pick-up in credit growth yet.

Stay tuned for more…


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