HDFC Bank Q2 Profit Jumps 10% to Rs 19,610 Cr

Mumbai, Oct 18 (PTI) HDFC Bank on Saturday reported a 10 per cent jump in its consolidated net profit for September quarter at Rs 19,610.67 crore.

On a standalone basis, the largest private sector lender's net rose 10.82 per cent to Rs 18,641.28 crore for the July-September period.


The bank's overall income rose to Rs 91,040 crore as against Rs 85,499 crore in the year-ago period, and Rs 99,200 crore in the preceding June quarter.

The gross non-performing assets ratio improved to 1.24 per cent as of September from 1.40 per cent three months ago and 1.36 per cent in the year-ago period.

Overall provisions increased to Rs 3,500 crore from Rs 2,700 crore in the year-ago period, but was much lower than Rs 14,441 crore recorded in the previous quarter.