HDFC Bank’s profit increased 24.7 percent to Rs 6,638.03 crore in the second quarter ended 30 September 2019. The bank’s profit was Rs 5,322.41 crore in the July-September period a year ago. HDFC Bank reported that its income increased to Rs 36,130.96 crore in the reporting period, from Rs 30,124.49 crore in the second quarter of a year ago. The bank said that its debt (advances) grew by 19.1 percent to Rs 9,47,440 crore during the period under review. It was Rs 7,95,563 crore in the same period a year ago. The bank’s single-quarter profit stood at Rs 6,344.99 crore for the July-September quarter.
The bank said that its debt (advances) grew by 19.1 percent to Rs 9,47,440 crore during the period under review.
Its net profit in the same period a year ago was Rs 5,005.73 crore. The total single income of the bank increased from Rs 28,215.15 crore to Rs 33,755 crore during this period. The bank’s gross NPA increased to 1.38 per cent at the end of September 2019 from 1.33 per cent at the end of September 2018. Gross NPA by value increased to Rs 12,508.15 crore during the quarter. It stood at Rs 10,097.73 crore in the same period a year ago. Net NPA stood at 0.42 per cent (Rs 3,790.95 crore).
The bank said it had made a provision of Rs 2,700.68 crore for the second quarter of the stuck loans and contingencies. The figure was Rs 1,819.96 crore in the same quarter a year ago. The total size of the bank’s bookkeeping stood at Rs 13,25,072 crore as of September 30 this year. The figure was Rs 11,69,898 crore in the same period of 2018-19. During this period, the total deposits with the bank increased by 22.6 percent to Rs 10,21,615 crore.