HDFC Bank Ltd.’s quarterly profit met estimates, aided by higher other income, even as its asset quality slightly worsened.
Net profit rose 32.8 percent year-on-year to Rs 7,416 crore in the quarter ended December, India’s most valuable bank said in an exchange filing.
HDFC Bank’s asset quality slightly worsened during the quarter. Gross non-performing assets ratio rose to 1.42 percent from 1.38 percent in the preceding quarter.
Net profit rose 32.8 percent year-on-year to Rs 7,416 crore in the quarter ended December, India’s most valuable bank said in an exchange filing.
HDFC Bank Stock Over Last 5 years
(Closing Price 27/01/2020 = Rs.1213.00)
(Price on 30/01/2005 =Rs.538.45)
(Closing Price 27/01/2020 = Rs.1213.00)
(Price on 30/01/2005 =Rs.538.45)
HDFC Bank Stock Over Since April 2005
(Closing Price 27/01/2020 = Rs.1213.00)
(Price on 01/04/2005=Rs.55.16)
(Closing Price 27/01/2020 = Rs.1213.00)
(Price on 01/04/2005=Rs.55.16)
The banking licenses issued in 1994-1995 saw the birth of many of today's stars such as HDFC Bank, ICICI Bank, UTI Bank (now Axis Bank) and Indusind Bank. This group also included 'Times Bank' set up by the Bennett Coleman Group (owner of The Times of India) and Centurion Bank which didn't do quite as well. HDFC Bank acquired Times Bank in 1999 and Centurion Bank in 2008.
(Source : screener.in, www.hdfc.com, wikipedia)
DISCLAIMER : THIS BLOG IS FOR INFORMATION AND NOT TO SOLICIT ANY BUSINESS. PAST PERFORMANCE IS NOT AN INDICATION OF THE
PERFORMANCE OF STOCK IN FUTURE.
