HDFC Bank's Gross NPAs were at 1.28% as on June 30, 2022

HDFC Bank's Gross non-performing assets were at 1.28% of gross advances as on June 30, 2022, (1.06% excluding NPAs in the seasonal agricultural segment) as against 1.47% as on June 30, 2021, (1.26% excluding NPAs in the seasonal agricultural segment). Net nonperforming assets were at 0.35% of net advances as on June 30, 2022.

The Bank held floating provisions of ₹ 1,451 crore and contingent provisions of ₹ 9,630 crore as on June 30, 2022. Total provisions (comprising specific, floating, contingent and general provisions) were 170% of the gross non-performing loans as on June 30, 2022.

Provisions and contingencies for the quarter ended June 30, 2022 were ₹ 3,187.7 crore (which were comprised of specific loan loss provisions) as against total provisions of ₹ 4,830.8 crore for the quarter ended June 30, 2021.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1363.85 as compared to the previous close of Rs. 1351.30. The total number of shares traded during the day was 248018 in over 11629 trades.

The stock hit an intraday high of Rs. 1365.25 and intraday low of 1346.65. The net turnover during the day was Rs. 337022508.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB NPAs Provisions Contigencies