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HDFC Bank reports 23% rise in Q2 net profit

HDFC Bank has reported results for second quarter ended September 30, 2019.

The bank has reported 26.75% rise in its net profit at Rs 6,344.99 crore for the quarter under review as compared to Rs 5,005.73 crore for the same quarter in the previous year. Total income of the bank increased by 19.63% at Rs 33,755.00 crore for Q2FY20 as compared Rs 28,215.15 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 22.74% in its net profit at Rs 6,648.80 crore for the quarter under review as compared to Rs 5,417.10 crore for the same quarter in the previous year. Total income of the bank increased by 19.94% at Rs 36,130.96 crore for Q2FY20 as compared Rs 30,124.49 crore for the corresponding quarter previous year.