HDFC Bank Q2: Net profit could rise up to 21% YoY, NIM may expand

HDFC Bank Q2 preview: Given higher advances growth, and rise in lending rates, analysts believe margins are likely to be up around 10-15 basis points quarter on quarter

HDFC Bank Q2 preview: India's biggest private bank, HDFC Bank, is likely to clock high-teen growth in its net interest income (NII) during the July-September quarter (Q2) of fiscal 2022-23 (FY23), on a year-on-year (YoY) basis, on the back of over 20 per cent growth in its loan book, and around 19 per cent in deposits, brokerages observe.

The bank is scheduled to announce its September 2022 quarter numbers on Saturday, October 15.

"HDFC Bank is strengthening its geographical footprint in terms of both reach and density, which will result in higher operating expenses growth of around 20 per cent YoY. As