HDFC Bank Q2 net up 30% at Rs 152.3 crore

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HDFC Bank's net profit in the quarter ended September 30 rose by 30 per cent to Rs 152.3 crore against Rs 117.14 crore in the corresponding period last fiscal. The bank's total income was up 18.67 per cent to Rs 867.4 crore compared to Rs 730.9 crore.

The bank's net profit in the first six months of the current fiscal increased by 30.22 per cent to Rs 292.26 crore against Rs 224.42 crore. Its total income increased to Rs 1,678.01 crore from Rs 1,440.17 crore. Income from wholesale banking and retail operations stood at Rs 128.57 crore (Rs 96.05 crore) and Rs 125.36 crore (Rs 33.63 crore).

The bank's treasury income dipped to Rs 28.67 crore against Rs 35.91 crore in the corresponding quarter last fiscal. The loss in treasury income is mainly on account of transfer of government securities worth Rs 3,000 crore from the available for sale (AFS) category to the held to maturity category (HTM), said HDFC Bank head-credit and market risk Paresh Sukthankar.