HDFC Bank Q2 results: Net profit jumps 18.4% to Rs.7,513 crore, NII rises 16.7%
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New Delhi, Oct. 17 -- HDFC Bank on Saturday reported a 18.4% increase in its net profit to Rs.7,513 crore for the quarter ended in September 2020. The profit in the year ago period was at Rs.6,345 crore. The consolidate net profit for the quarter increased 16% year-on-year to 7,703 crore in Q2. The consolidated advances grew by 14% to Rs.1,088,948 crore for the September quarter.
HDFC Bank's net interest income increased by 16.7% year-on-year to Rs.15,776.4 crore during the quarter gone by. The private sector lender's net revenue grew to Rs.21,868 crore.
"Total provisions includes contingent provisions of approximately Rs.2,300 crore for proforma NPA as well as additional contingent provisions to make the balance sheet more resilient," ...
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