Well-Capitalised for Future Growth

India’s largest private sector lender, HDFC Bank is one such bank, which has always been in sync with all brokerage analysts. Currently, the bank’s stock, which forms part of around 520 schemes of mutual funds as on  March 31, 2019, also remains a preferred stock in the portfolio for mutual funds companies.  For the quarter ended March 31, 2019, the bank reported a healthy performance following a healthy improvement in the net interest margin (NIM) to 4.4 per cent from 4.3 per cent. Further, the total income, which finally slated at Rs31,2014.5 crore grew by 22.1 per cent, from Rs25,549.7 crore. The growth in the net interest income (NII) by 22.8 per cent to Rs13,089.5 crore was driven by the average asset growth of 19.8 per cent during the quarter. The net profit for the bank was up by 20.5 per cent for the year ending on  March 31, 2019. ...