HDFC Bank Q2 net profit jumps 20.5%https://indianexpress.com/article/business/business-others/hdfc-bank-q2-net-profit-jumps-20-5/

HDFC Bank Q2 net profit jumps 20.5%

The bank’s total income for the September quarter this fiscal was Rs 17,324.3 crore, up from Rs 13,894.7 crore in the year-ago period.

HDFC Bank, India’s second largest private bank, has reported a 20.5 per cent jump in net profit to Rs 2,869.5 crore for the second quarter ended September 2015-16 as against Rs 2,381.5 crore profit in the same quarter of the last fiscal

The bank’s total income for the September quarter this fiscal was Rs 17,324.3 crore, up from Rs 13,894.7 crore in the year-ago period.

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Gross non-performing assets (NPAs) were at 0.9 per cent of gross advances as of September 2015, marginally lower from 1 per cent a year ago. Net NPAs were at 0.2 per cent of net advances.