HDFC Bank Q2 net profit up 25% at Rs 6,638 crore

HDFC Bank on Saturday posted a 24.7% rise in consolidated net profit at Rs 6,638.03 crore for the quarter ended September 30, 2019.

It had reported a consolidated net profit of Rs 5,322.41 crore in the corresponding period a year ago, the bank said in a filing to the BSE.

Its consolidated total income increased to Rs 36,130.96 crore in the July-September period, over Rs 30,124.49 crore a year ago.

Total balance sheet size as of September 30, 2019 stood at Rs 13,25,072 crore as against Rs 11,69,898 crore a year earlier.

Its total deposits as of September 30, 2019 reported at Rs 1,021,615 crore, an increase of 22.6% over September 30, 2018.

The bank’s distribution network comprised 5,314 banking outlets and 13,514 ATMs across 2,768 cities/towns at the end of September 2019, against 4,825 banking outlets and 13,018 ATMs across 2,718 cities/towns a year ago, the lender said in a statement.