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

Date:

HDFC 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.

ALSO READ: PMC Bank scam: Depositors gather to protest outside RBI headquarters

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 last year.

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 statement said.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Edited Video Falsely Shared As Rahul Gandhi Urging People To Vote For BJP

A video of Congress Leader Rahul Gandhi is widely...

IPL 2024: Royals Set Date With SRH In Qualifier 2, Knock RCB Out Of Playoffs With 4-Wicket Win

The Narendra Modi Stadium witnessed a topsy-turvy game, with momentum swinging like a pendulum, keeping the fans at the edge of their seats

Rain Wreaks Havoc In Tamil Nadu

As per the Regional Meteorological Centre Thirumoorthi Dam and Amaravathy Dam--both in Tiruppur district, received 14 cm and 12 cm rainfall, respectively, in the 24 hours ending 8.30 am Wednesday

UK: PM Sunak Calls For General Elections On July 4

In a post on X, Rishi Sunak said, These uncertain times call for a clear plan and bold action to chart a course to a secure future."