HDFC Bank Q2 net profit rises 20%

HDFC Bank Q2 net profit rises 20%

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The Board of Directors of HDFC Bank Limited approved the Bank’s  results for the quarter ended September 30, 2017.

The Bank earned a net profit of Rs. 4,151.0 crore, an increase of 20.1% over the quarter ended September 30, 2016.

The Bank’s total income for the quarter ended September 30, 2017 was Rs. 23,276.2 crore, up from Rs. 19,970.9 crore for the quarter ended September 30, 2016.

Net revenues (net interest income plus other income) increased by 22.6% to Rs. 13,358.0 crore for the quarter ended September 30, 2017 from Rs. 10,894.5 crore in thecorresponding quarter of the previous year.

Operating expenses for the quarter ended September 30, 2017 were Rs.5,540.1 crore, an increase of 13.8%.

Total balance sheet size as of September 30, 2017 was Rs. 933,637 crore as against Rs.788,827 crore as of September 30, 2016.