HDFC Bank's Q2 profit jumps by 22.30% at ₹11,125 crore: Report

HDFC Bank had reported a consolidated net profit of ₹9,096.19 crore in the year-ago period.

Published on: Oct 15, 2022, 14:22:18 IST

PTIPosted by Aryan Prakash

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HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at ₹11,125.21 crore.

The HDFC Bank's total income rose to ₹46,182 crore from ₹38,754 crore in the year-ago period.

The Mumbai-headquartered lender had reported a consolidated net profit of ₹9,096.19 crore in the year-ago period.

On a standalone basis, the largest private sector bank's net profit rose by over 20 per cent to ₹10,605.78 crore as against ₹8,834.31 crore in the year-ago period and ₹9,196 crore in the preceding June quarter.

For the reporting quarter, its total income rose to ₹46,182 crore from ₹38,754 crore in the year-ago period, while the expenditure, excluding provisions and contingencies, climbed to ₹28,790 crore from ₹22,947 crore, the bank said.

The overall share of gross non-performing assets improved to 1.23 per cent of the book as against 1.35 per cent in the year-ago period and 1.28 per cent three months ago.

ABOUT THE AUTHOR
Aryan Prakash
A journalist with more than 12 years of experience in print, broadcast and digital media. When not tracking major news events, he can be seen binge watching his favourite shows or reading a spy thriller.Read More

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