Business Standard

HDFC Bank's September quarter net profit rises 16% to Rs 7,703 crore

The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago

hdfc bank
Premium

The bank's net profit stood at Rs 6,344.99 crore in the corresponding period a year ago

Press Trust of India New Delhi
HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit at Rs 7,703 crore for the second quarter ended September 30.

The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago.

Total consolidated income during the quarter under review rose to Rs 38,438.47 crore as against Rs 36,130.96 crore in July-September 2019, the bank said in a release.

On asset front, gross non-performing assets (NPAs) of the bank fell to 1.08 per cent of the gross advances as on September 30, 2020, as against 1.38 per cent

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in