19-Oct-2024 05:12 PM
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New Delhi, Oct 19 (Reporter) Private lender HDFC Bank on Saturday reported 5.3 percent jump in net profit at Rs 16,821 crore in the second quarter (July-September) of current financial year as against Rs 15,980 crore in the same period last fiscal.
The net interest income grew about 10 percent at Rs 30,114 crore in the second quarter as against Rs 27,385 crore in the year-ago quarter, the Bank said in a release.
HDFC Bank’s Gross non-performing assets (GNPA) for the quarter stood at 1.36 percent, while the NNPA was 0.41 percent.
The bank said that its total deposits grew 15.1% YoY in the September quarter to Rs 25,00,100 crore while gross advances recorded a growth of 7% YoY to Rs 25,19,000 crore.
HDFC Bank said its other income (non-interest revenue) for the quarter ended September 2024 rose to Rs 11,480 crore as against Rs 10,710 crore in the corresponding quarter ended September 30, 2023.
Operating expenses for the quarter rose 9.7% to Rs 16,890 crore over Rs 15,400 crore during the corresponding quarter of the previous year.
The cost-to-income ratio for the quarter was at 40.6%.
Total balance sheet size as of September 30, 2024 was Rs 36,881,00 crore (or Rs 36,881 billion) as against Rs 34,163,00 crore (or Rs 34,163 billion) as of September 30, 2023, the release said.
As of September 30, 2024, the Bank’s distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 30, 2023.
Of this network, 51% of our branches are in semi-urban and rural areas. In addition, we have 15,217 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,06,758 as of September 30, 2024 (as against 1,97,899 as of September 30, 2023), it added...////...