HDB Financial Q1 net profit falls 2.4% to Rs 568 crore

HDB Financial Services, a non-bank lender, saw a 2% decrease in net profit for the quarter ended June due to higher loan loss provisions and gross stage-3 assets. However, there was a 7% increase in net profit sequentially. The lender’s asset quality deteriorated, with an increase in gross and net NPA ratios, and a significant […]