HDFC Bank's net profit rises 20% YoY to Rs 10,605 cr in Q2, NII jumps 19%

For the quarter under review, HDFC Bank's net interest income, which is the difference between interest earned and interest expended, grew 18.9 per cent on-year to Rs 21,021.2 crore

HDFC Bank on Saturday reported a 20.1 per cent year-on-year (YoY) increase in net profit to Rs 10,605.8 crore in the July-September period.

The bank’s profit after tax rose 15.3 per cent from Rs 9195.9 crore in April-June.

For the quarter under review, the private bank’s net interest income, which is the difference between interest earned and interest expended, grew 18.9 per cent on-year to Rs 21,021.2 crore. India's largest private lender said the core net interest margin was at 4.1 per cent on total assets and 4.3 per cent based on interest-earning assets.

As on September 30, HDFC Bank’s