New Delhi: The consolidated net profit for the September quarter at HDFC Bank increased by 22.30% to Rs 11,125.21 crore on Saturday.
In the same period last year, the lender with its headquarters in the city earned a combined net profit of Rs 9,096.19 crore.
In comparison to the same period a year ago and the June quarter before, the largest private sector bank’s standalone net profit increased by more than 20% to Rs 10,605.78 crore from Rs 8,834.31 crore.
According to the bank, the overall revenue for the reporting quarter increased to Rs 46,182 crore from Rs 38,754 crore in the corresponding quarter last year, while the expenditure, excluding provisions and contingencies, increased to Rs 28,790 crore from Rs 22,947 crore.
Compared to the same period a year ago and three months ago, the overall percentage of gross non-performing assets decreased from 1.35 to 1.23 percent of the book.
The post HDFC Bank posts 22.3% increase in Q2, earns net profit of Rs 11,125 cr appeared first on News24 English.
, International, ,