Saturday, 17 October 2020
Country’s largest private lender HDFC Bank’s net profit rose by 18.4 per cent to Rs 7,513.1 crore for second quarter ended September 2020 (Q2Fy21) on substantial growth in interest earnings and other income.It had posted a net profit – profit after tax (PAT) -- of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20). Sequentially, it had posted a net profit of Rs 6,658.6 crore in first quarter ended June 2020 (Q1Fy21).
On Friday (October 16, 2020), bank’s stock closed 2.55 per cent higher at Rs 1,199 per share on the BSE.The net interest income (NII) grew by 16.7 per cent year-on-year (YoY), from Rs 13,515 crore in Q2FY20 to Rs 15,774.4 crore in Q2FY21. Other income, comprising fee and commission, grew 27.9 per cent to reach Rs 6,092 crore in Q2FY21.