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HDFC Bank wrests top private bank crown from NPA-hit ICICI

DNMUM398455 | 10/12/2017 | Author : Manju AB | WC :633

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  • HDFC Bank wrests top private bank crown from NPA-hit ICICI

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ICICI Bank’s bad loans are at Rs 43,148 crore against HDFC Bank’s Rs 7,204.2 crore
Mumbai: HDFC Bank has taken the crown away from ICICI Bank to become the largest private sector lender in the country with a balance-sheet size of Rs 895,653 crore.
ICICI Bank, once the fastest-growing private sector bank and the longtime ruler, has slipped to the second place with a balance-sheet size of Rs 760,916 crore.
The gap in profitability is also widening. For the fiscal’s first quarter ended June 30, the net profit of ICICI Bank grew 8.2% over the prior year to rest at Rs 2,049 crore. HDFC Bank was way ahead and posted a net profit of Rs 3,893 crore with a year-on-year growth of 20.2%.
Among private sector lenders, HDFC Bank’s total advances are in tent-pole position. At the end of the quarter ended June 30, it ha
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