HDFC Bank Q2 Net Profits At Rs 2870 Crores; Asset Quality Improves

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HDFC Bank once again reported a superb set of quarterly numbers with the net porfit growing to Rs Rs 2,870 cr as against Rs 2,382 crores (YoY).

The asset quality of the bank also showed an improvement with gross NPA at 0.91 per cent vs 0.95 per cent (QoQ) and net NPA at 0.25 per cent vs 0.27 per cent (QoQ).

HDFC Bank Q2 Net Profits At Rs 2870 Crores; Asset Quality Improves
The Net Interest Margins (NIM) of the bank were slightly lower.

The shares of the Bank were lower by 1 per cent, following the results. The results of HDFC Bank come on the bank of a mixed set of results so far from the banking sector. While IndusInd Bank reported a good set of quarterly numbers, smaller players like DCB Bank and Federal Bank have been major disappointments.

Analysts are likely to watch for numbers from other larger players, particularly the states owned banks like State Bank of India, PNB and Bank of Baroda.

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