HDFC Bank net profit up rises 15% at Rs 3,865.33 crore compared to the Rs 3.356.84 crore profit posted in the same period last year. The bank's total income was up 13% at Rs 20,748.27 crore compared to Rs 18,283.31 crore in October - December last year. Net interest income of the bank grew by 17.6% to Rs 8,309.1 crore from Rs 7,068.5 crore in the same period last year. HDFC Bank's provisions and contingencies in Oct-Dec 2016 were at Rs 715.8 crore compared to Rs 653.9 crore in 2015, up 9.5%. The bank said the provisions and contingencies "consisted of specific loan loss provisions of Rs 694.4 crore, general provisions of Rs 9.3 crore and other provisions of Rs 12.1 crore."

Source: dna January 24, 2017 07:35 UTC