HDFC Bank on Tuesday declared its September quarter results. Photo: Pradeep Gaur/ MintMumbai: HDFC Bank on Wednesday said the Reserve Bank of India (RBI) has asked it to classify a contentious loan which had led to a jump in its provisions in September quarter results declared yesterday, as a non-performing asset (NPA). “The Bank has received communication from the regulator advising it to classify the said account as a non-performing asset. Its deputy managing director Paresh Sukthankar had said a majority of the Rs397 crore set aside as general provisions was towards this exposure. Its overall gross non-performing assets ratio had been broadly stable at 1.26%, among the lowest for any major lender.

Source: Mint October 25, 2017 15:11 UTC