India\u2019s major private sector lender HDFC Bank reported robust Q4 results for the January-March period, even as asset quality improved and provisions declined. HDFC Bank reported a 23% on-year rise in net profit to Rs 5,885 crore, the private lender said in a stock exchange filing. The profit came in higher than analysts estimates of Rs 5,715 crore. The asset quality has seen improvement compared to earlier quarters. Notably, the gross non-performing assets (GNPA) as a percentage of gross advances came down to 1.36% in Q4 against 1.38% in the previous quarter. Provisions and contingencies too registered an on-quarter decline, to Rs 1,889.22 crore down 14.6 percent sequentially, but rose 22.6 percent compared to the same period previous fiscal. We bring to you key highlights. HDFC Bank\u2019s net profit rose 23% on-year to Rs 5,885 crore the January-March period. The Bank's total income for the quarter came in at Rs 31,204.5 crore, implying growth of 22.1 % from Rs 25,549.7 crore for the quarter ended March 31, 2018. The total net interest income (interest earned less interest expended) for the quarter ended March 31, 2019 grew by 22.8% to Rs 13,089.5 crore, from Rs 10,657.70 crore for the quarter ended March 31, 2018, driven by average asset growth of 19.8% and a core net interest margin for the quarter of 4.4%, HDFC Bank said in the statement. Gross NPAs came in higher by nearly 3% to Rs 11,224.2 crore in Q4, but net NPAs at Rs 3,214.5 crore fell 2.6% on-quarter. The cost-to-income ratio for the period under review stood at 40.1% as against 40.6% for corresponding quarter ended March 2018," the bank said. HDFC Bank has also recommended a dividend of Rs. 15 per equity share of Rs. 2 each (i.e.750 %) out of the net profits for the year ended 31st March, 2019. This is subject to the approval of the shareholders at the upcoming annual general meeting. For the year as a whole, HDFC Bank reported total income at Rs 1,16,597.90 crore. The net revenues (net interest income plus other income) for the year ended March 31, 2019 were Rs 65,869.1 crore, implying a 19.1% jump.