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HDFC Bank Reports 20% Jump in Q2 Profit
October 27, 2017
Private sector HDFC Bank reported a growth of 20.1% in net profit that stood at Rs. 4,151 crores for the second quarter of the current financial year. It’s last year’s profit during the same quarter stood at Rs. 3,455.3 crores.
The bank’s total income has increased to Rs. 23,276 crore from Rs 19,970.9 crore recorded last year, gross non-performing assets (GNPAs) to 1.26% of gross advances from 1.02%, and net NPAs to 0.4% from 0.3% for the quarter under review.
