HDFC Bank on Saturday reported a 23% year-on-year (y-o-y) growth in its net profit for the quarter ended March 31 to Rs 5,885 crore on the back of a 22% y-o-y rise in total income. The bank\u2019s net interest income (NII), or the difference between interest earned and interest expended, rose 23% y-o-y to Rs 13,089.5 crore. Non-interest income grew 15% to Rs 4,871 crore. Core net interest margin (NIM) rose to 4.4% in Q4 from 4.3% at the end of December. The bank\u2019s provisions rose 23% y-o-y to Rs 1,889 crore. Asset quality showed a marginal improvement, with the gross non-performing asset (NPA) ratio falling two basis points (bps) sequentially to 1.36% and the net NPA ratio reducing 3 bps to 0.39%. Total advances grew 24.5% y-o-y to Rs 8.19 lakh crore at the end of March. Retail loans constituted 54% of the loan book, while 46% came from wholesale loans. Total deposits as on March 31 were Rs 9.23 lakh crore, an increase of 17% over March 31, 2018. Current account savings account (CASA) deposits grew 14% y-o-y, with SA deposits at Rs 2.49 lakh crore and CA deposits at Rs 1.42 lakh crore. Time deposits stood at Rs 5.32 lakh crore, an increase of 19.4% over the previous year, resulting in CASA deposits comprising 42.4% of total deposits as on March 31. HDFC Bank\u2019s total capital adequacy ratio (CAR) as per Basel III guidelines was at 17.1% as on March 31, 2019, up from 14.8% on March 31, 2018 and as against a regulatory requirement of 11.025%. The CAR includes capital conservation buffer (CCB) of 1.875% and an additional requirement of 0.15% on account of the bank being identified as a domestic systemically important bank (D-SIB). Tier 1 CAR was at 15.8% as of March 31, 2019, compared with 13.2% as of March 31, 2018. Common equity Tier 1 (CET 1) ratio was at 14.9% as of March 31, 2019. Risk-weighted assets were at Rs 9.32 lakh crore, up 16.5% from Rs eight lakh crore on March 31, 2018. Also read: Bank of Baroda now the third largest bank after SBI, HDFC Bank Separately, HDFC Bank announced the termination of its global depository receipts (GDR) programme. "We wish to inform you that, in view of the minimal number of GDRs outstanding and the low trading volume of the GDRs, the Board of Directors of the Bank has, in its meeting held on April 20, 2019, considered and approved the proposal for termination of the GDR program and delisting of 22 GDRs (representing 11 underlying equity shares of the Bank cumulatively), which are outstanding and listed on the Luxembourg Stock Exchange (LSE), subject to compliance with applicable laws," the lender told the exchanges.