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HDFC Bank reports 21% rise in Q2 net profit

HDFC Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported 20.59% rise in its net profit at Rs 5,005.73 crore for the quarter under review as compared to Rs 4,151.03 crore for the same quarter in the previous year. Total income of the Bank increased by 21.22% at Rs 28,215.15 crore for Q2FY19 as compared Rs 23,276.18 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 1.33%, as compared to 1.26% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.40% in Q2FY19.

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