India's HDFC Bank says not much pressure on asset quality
MUMBAI Jan 18 (Reuters) - India's HDFC Bank is not seeing much pressure on asset quality, although there may be an uptick in bad loans for some products, Executive Director Paresh Sukthankar said on Friday.
The bank is also seeing "renewed, intensified competition" from several banks on retail loan products, he added.
Earlier, HDFC Bank, India's No.3 lender, met forecasts with a 30 percent rise in quarterly profit on Friday, led by higher loan growth, better fee income and stable asset quality. (Reporting by Swati Pandey; Editing by Anand Basu)
- Tweet this
- Share this
- Digg this
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article