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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Country dedicated to social justice due to Ambedkar's inspiration: PM Modi
New Delhi (PTI): Paying tributes to Bhim Rao Ambedkar on his birth anniversary, Prime Minister Narendra Modi said on Monday that it is due to his inspiration that the country is today dedicated to realising the dream of social justice.
His principles and ideas will strengthen and speed up the building of an 'aatmanirbhar' (self-reliant) and developed India, Modi said on X.
Later, Modi joined a number of other dignitaries, including President Droupadi Murmu, Vice President Jagdeep Dhankhar, Lok Sabha Speaker Om Birla and leaders of opposition in both Houses Rahul Gandhi and Mallikarjun Kharge, among others, in Parliament to pay homage to Ambedkar.
Ambedkar is recognised for his lifelong struggle for the empowerment of Scheduled Castes and his key role in drafting the Constitution.
Born in a Dalit family in 1891, he was a brilliant student who went on to study in foreign countries. The discrimination he suffered in Indian society turned him into a committed social reformer.
He was India's first law minister. He died in 1956.
