You are here: Home >> English News & Features >> BUSINESS & ECONOMY

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

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

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

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.

ICICI Bank’s bad loans are at Rs 43,148 crore against HDFC Bank’s Rs 7,204.2 crore
DNA EXCLUSIVE
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
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Patience is more virtuous than speed
DNMUM408157 | 2/20/2018 12:00:00 AM | Author : Rama Moondra | WC :518

“Do you even realise what kind of pressure we handle. Thanks to your cost-cutting measures, it’s impossible to get vendors. Please stop expecting targets now.”
Anushree Gupta sure was very angry when she slammed the door behind her. The glass door
Add To LightboxCalculate Price

World at my fingertip
DNMUM408158 | 2/20/2018 12:00:00 AM | Author : Sanchit Khera | WC :780

With improvements in smartphone technology and advancement in connectivity, the Indian domestic travel market is going to grow at 11% annually. Air travel and Hotels will grow between 13-15% year over year, driving the main revenue behind transportat
Add To LightboxCalculate Price

Listed old private banks set to shine
DNMUM408163 | 2/20/2018 12:00:00 AM | Author : G Chokkalingam | WC :466

On January 9, 2018, we had written “Next M&A target: Old private banks” as these banks have been going through consolidation process over the last two decades and some of them have crossed Rs 1 lakh crore business mark recently. Surprisingly, we last
Add To LightboxCalculate Price

PNB fraud pushes bank stocks to 52-week low
DNMUM408164 | 2/20/2018 12:00:00 AM | Author : Ahana Chatterjee | WC :526

Mumbai: The Punjab National Bank fraud hit the banking and jewellery stocks continued their slide this week on Monday with the banking stocks now plumbing to their 52-week lows.
They have dragged the benchmark indices too, with the Sensex losing
Add To LightboxCalculate Price