HDFC Bank, the country’s largest private sector bank, reported a consolidated net profit of 14.36 per cent at Rs 8,760 crore for the third quarter ended December. The bank’s net profit on a standalone basis grew by 18.09 percent to Rs 8,758.29 crore.
On a standalone basis, the bank’s total income rose to Rs 37,522 crore during the quarter, from Rs 36,039 crore in the same quarter of the previous financial year. This is the first quarter results led by the bank’s new Chief Executive Officer (CEO) and Managing Director Shashidhar Jagdishan. The bank’s asset quality improved during this period. The gross non-performing assets (NPAs) of the bank stood at 0.81 per cent of the total loans during the quarter, as against 1.42 per cent in the corresponding quarter of the previous fiscal and 1.08 per cent in the previous September quarter.
PVR losses to Rs 49 crore in third quarter
Multiplex operator PVR on Friday said it incurred a net loss of Rs 49.10 crore in the third quarter of the current fiscal year ended in December due to the corona virus epidemic. PVR told the stock market that it had a net profit of Rs 36.34 crore in the same period of last financial year. The company said its operating income stood at Rs 45.10 crore during the period under review, which is 95.04 per cent lower than the Rs 915.74 crore in the same period last year.
PVR said that the outbreak of the Kovid-19 epidemic has affected its operations across the country. Mobikwik!Exclusive: Adding money to credit card in Mobikwik will charge, know details
