Key Points
MUMBAI - The American Depository Receipts (ADRs) of HDFC Bank dropped more than 2% in trade on the New York Stock Exchange on Tuesday after the lender released its numbers for the quarter ended December..
The fall in the ADRs was following a weak start for stocks on Wall Street..
The private sector lender reported a 34% year-on-year (YoY) growth in net profit for the December quarter to Rs 16,372.54 crore..
Net interest income, the difference between interest earned and interest expended, rose 24% YoY to Rs 28,471.34 crore..
On the asset quality front, while the gross non-performing assets ratio rose to 1.26% from 1.23% a year ago, the net NPAs came down marginally to 0.31% from 0.33% a year ago...
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