HDFC Bank Q2 net profit jumps 30% to Rs1,560 crore
MDT/PTI 12 October 2012

HDFC Bank's second quarter profit increased 30% due to robust net interest income which helped it to earn quarterly revenues of Rs9,869.8 crore

 
Mumbai: Private sector lender HDFC Bank on Friday posted 30.1% jump in its second quarter net profit to Rs1,559.98 crore, reports PTI.
 
HDFC Bank had posted net profit of Rs1,199.35 crore in the corresponding period last year.
 
During the quarter to end-September, the Bank's net interest income rose 26.7% to Rs3,731.7 crore while non-interest income increased marginally to Rs1,345.1 crore from Rs1,211.7 crore during the second quarter this fiscal, it said in a filing to the BSE.
 
Its core net interest margin stood at 4.2%. The bank's total revenues also jumped to Rs9,869.8 crore, from Rs7,929.4 crore, it said.
 
The second largest private sector lender saw its balance sheet size increase 19.5% to Rs3.8 lakh crore at the end of the reporting quarter.
 
Its net advances were up 22.9% at Rs2.31 lakh crore, compared to the September 2011 figure while deposits were up 18.8% at Rs2.7 lakh crore.
 
The share of the low-cost current and savings account deposits stood at 45.9%.
 
The bank scrip was trading at Rs630.25, up 0.91% on the BSE, whose 30-share benchmark Sensex was down 0.54% at 1400 hours.
 
Comments
Subhash Dawkhar
1 decade ago
most consistent growth
ArrayArray
Free Helpline
Legal Credit
Feedback