Chennai, April 21: Private HDFC Bank on Saturday said it closed last fiscal with a net profit of Rs 17,486.75 crore.

The Board of Directors of HDFC Bank at its meeting on Saturday has recommended a dividend of Rs 13 per equity share of Rs 2 each out of the net profits for the year ended March 31, 2018.

In a regulatory filing in BSE, the bank said it had posted a net profit of Rs.17,486.75 crore for the year ended March 31, 2018 up from Rs 14,549.66 crore posted the previous fiscal.

The bank's total income for the period under review stood at Rs 95,461.66 crore up from Rs 81,602.45 crore earned during the year ended March 31, 2017.

The bank had provided Rs 5,927.49 crore towards provisions and contingencies last fiscal up from Rs 3,593.30 crore provided for the year ended March 31, 2017.

The gross non-performing assets (NPA) stood at Rs 8,606.97 crore as on March 31, 2018 up from Rs.5,885.66 crore as on March 31, 2017.

The net NPA stood at Rs 2,601.02 crore up from Rs 1,843.99 crore last fiscal.

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Bengaluru (PTI): The Karnataka Government has appointed retired IAS officer G V Krishna Rao, former Additional Chief Secretary, as the recovery commissioner to confiscate, forfeit and attach properties derived from illegal mining activities, a government order said.

This appointment is made under The Karnataka Appointment of Recovery Commissioners for Seizure and Confiscation of Property arising from Illegal Mining and Proceeds of Crime Act, 2025, it added.

According to a recent notification issued by the Commerce and Industries Department (Mines), the Act provides for the confiscation, forfeiture, and attachment of properties derived from illegal mining activities, organised crime, and criminal proceeds.

It empowers the State Government to appoint a Recovery Commissioner not below the rank of Additional Chief Secretary, either serving or retired.

In a related order issued recently, the Government fixed the pay and service terms of Krishna Rao. He will receive a monthly salary of Rs 2,95,256 that includes Rs 1,04,006 as basic pay, along with dearness and house rent allowances calculated on his last drawn pay of Rs 2,25,000.