HDFC Bank Q2 Results: Net profit At Rs 15,980 Cr, NII At Rs 27,385 Cr

On 16 October, HDFC Bank announced a net profit of Rs 15,976.11 crore for the July-September quarter, marking a growth of slightly over 50 per cent on a yearly basis. This financial report is the bank's first since its merger with Housing Development Finance Corp (HDFC).

On a quarter-to-quarter basis, the net profit showed a substantial increase of 33.7 per cent. In terms of asset quality, the bank's gross non-performing assets (NPA) increased to 1.34 per cent in the reporting quarter. Similarly, the net NPA for the bank stood at 0.35 per cent in the period from July to September.

(This is a developing story, please check back for more details.)