HDFC Bank on Saturday posted a marginal 5 per cent rise in standalone profit to Rs 16,821 crore in the second quarter ending September 2024.
The country’s largest private lender had posted a net profit of Rs 15,976 crore in the same period last year.
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HDFC Bank said in a regulatory filing that total revenue rose to Rs 85,500 crore in the quarter under review as against Rs 78,406 crore in the year-ago period.
The bank reported interest income of Rs 74,017 crore for the quarter compared to Rs 67,698 crore in the year-ago period.
Net interest income (NII) improved to Rs 30,110 crore from Rs 27,390 crore in the second quarter last year, registering a growth of 10%.
In terms of asset quality, the bank witnessed a slight deterioration, with gross non-performing assets (NPAs) as a percentage of total loans rising to 1.36% by end-September 2024 from 1.34% a year ago.
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Similarly, net NPAs or bad loans rose to 0.41% from 0.35% at the end of the second quarter last year.
On a consolidated basis, the bank’s net profit increased by 6% to Rs 17,826 crore from Rs 16,811 crore in Q2 FY24.
