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HDFC Bank Q2 net up 30% to Rs 1,560 cr

Private sector lender HDFC Bank on Friday posted 30.06 per cent jump in net profit at Rs 1,559.98 crore in the July-September quarter.

It had posted post tax profit of Rs 1,199.35 crore in the corresponding period last year.The bank’s net interest income was up 26.7 per cent at Rs 3,731.7 crore. The non-interest income increased marginally to Rs 1,345.1 crore from Rs 1,211.7 crore during the second quarter this fiscal, it said in a filing to the BSE. Its core net interest margin stood at 4.2 per cent. The bank’s Q2 income moved up to Rs 9,869.8 crore, from Rs 7,929.4 crore, it said. The second largest private sector lender saw its balance sheet size increase 19.5 per cent to Rs 3,77,375 crore at the end of the reporting quarter. Its net advances were up 22.9 per cent at Rs 2,31,649 crore, compared to the September 2011 figure while deposits were up 18.8 per cent at Rs 2,74,130 crore.    

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