HDFC Bank reported a 22.30% increase in its consolidated net profit for the September quarter to Rs 11,125.21 crore on Saturday. In the previous fiscal year, the city-based lender reported a consolidated net profit of Rs 9,096.19 crore.
On a standalone basis, the largest private sector bank’s net profit increased by more than 20% to Rs 10,605.78 crore, up from Rs 8,834.31 crore in the previous year and Rs 9,196 crore in the previous June quarter.
According to the bank, total income for the reporting quarter increased to Rs 46,182 crore from Rs 38,754 crore the previous year, while expenditure, excluding provisions and contingencies, increased to Rs 28,790 crore from Rs 22,947 crore.
The overall share of gross non-performing assets fell to 1.23 percent of the book from 1.35 percent a year ago and 1.28 percent three months ago.
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