Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

Business » Industry

Updated: October 16, 2013 02:06 IST

HDFC Bank Q2 net profit up 27 per cent

Special Correspondent
Share  ·   Comment   ·   print   ·  
Paresh Sukthankar
The Hindu Paresh Sukthankar

HDFC Bank announced a net profit of Rs. 1,982.3 crore for the second quarter ended September 30, 23013, an increase of 27.1 per cent over the same period in the previous year.

The bank’s total income was Rs. 11,937.7 crore, as against Rs. 10,146.7 crore, in the year-ago period.

Net interest income (interest earned less interest expended) for the quarter ended September 30, 2013, accounted for 71 per cent of net revenues and grew by 15.3 per cent to Rs. 4,476.5 crore from Rs. 3,881.9 crore.

Net interest margin 4.3 per cent as against 4.4 per cent.

Net non-performing assets stood at 0.3 per cent of net advances as on September 30, 2013. Total restructured loans accounted for 0.2 per cent of gross advances as of September 30, 2013 as against 0.3 per cent as of September 30, 2012.

“This loan growth was contributed by both segments of the bank loan portfolio, with retail loans growing by 16.9 per cent and wholesale loans by 15 per cent resulting in a retail and wholesale loan mix of 53:47,” Mr. Sukthankar added.

More In: Industry | Business
This article is closed for comments.
Please Email the Editor
ADVISORY ON OIL BLOCKS
Should India restrict foreign investors in a globalised world?
Yes
No
Can't say

National

International

Sport


O
P
E
N

close

Recent Article in Industry

File photo of Anant Gupta, President & CEO, HCL Technologies, outside his Noida office. File Photo: Kamal Narang

HCL Tech Q3 net profit up 59 per cent

IT services firm HCL Technologies on Thursday posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31... »