HDFC Bank Q2 results: Net profit rises 21% to Rs 5,005 crore; gross NPA at 1.33%

By: | Updated: October 20, 2018 4:52 PM

HDFC Bank Q2 results: HDFC Bank today reported a 21% jump in its profit on-year to Rs 5,005 in the second quarter of the financial year 2018-19, which could be positive for the banking sector amid losses, change of leadership and high NPAs at other public and private banks.

HDFC Bank today reported a 21% jump in its profit on-year to Rs 5,005 in the second quarter of the financial year 2018-19HDFC Bank today reported a 21% jump in its profit on-year to Rs 5,005 in the second quarter of the financial year 2018-19

HDFC Bank Q2 results: HDFC Bank today reported a 20.6% jump in its profit on-year to Rs 5,005 crore in the second quarter of the financial year 2018-19, which could be positive for the banking sector amid losses, change of leadership and high NPAs at other public and private banks. India’s second-largest bank’s income was also up 21.2% at Rs 28,215 crore, while the asset quality was stable, with 1.33% gross non-performing asset as on September 30, 2018.

The income grew mostly on the back of fee and commission. HDFC Bank said that fees and commission constituted 82.1% of other income.

HDFC Bank Q2 results: Key figures in nutshell

  • HDFC Bank posted a net profit of Rs 5,005.73 crore, up 20.6% on-year from 4,151.03 crore
  • Total income of the bank in the second quarter was Rs 28,215.2, up 21.2% from Rs 23,276.2 crore on-year.
  • HDFC Bank’s gross non-performing assets (NPAs) was 1.33%, up slightly from  1.26% same quarter last year.
  • Fees and commission income was Rs 3,295.6 crore for the quarter ended September 30, 2018, up by 26.1% over from Rs 2,614.0 crore in the corresponding quarter ended September 30, 2017.
  • The bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was 17.1% as against 15.1% a year ago. The regulatory requirement of CAR is 11.025%.

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