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CORRECTED-India's HDFC net interest margin for June qtr at 3.9 pct
July 19, 2013 / 9:37 AM / 4 years ago

CORRECTED-India's HDFC net interest margin for June qtr at 3.9 pct

(Corrects year-ago figure in paragraph 2 to 0.79 percent)

MUMBAI, July 19 (Reuters) - Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, said its net interest margin - a key gauge of profitability for lenders - stood at 3.9 percent for the quarter ended June 30.

Gross non-performing loans for the April-June quarter stood at 0.77 percent of the loan portfolio as at June 30 compared with 0.79 percent a year ago, the company said in a statement to the stock exchange.

Earlier in the day, HDFC reported a 17 percent rise in net profit for the June quarter at 11.73 billion rupees ($196.8 million), helped by higher disbursals, but missed estimates. ($1 = 59.6050 Indian rupees) (Reporting by Aditi Shah; Editing by Gopakumar Warrier)

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