HDFC Bank net up 20.7 per cent
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HDFC Bank has reported a net profit of Rs.2,695.72 crore for the quarter ended June 30, 2015, an increase of 20.7 per cent compared to Rs.2,233.04 crore recorded in the corresponding period of previous year.
The bank’s total income was Rs.16,503 crore, an increase of 26.3 per cent over Rs.13,070.7 crore for the quarter ended June 30, 2014.
Net revenues (net interest income plus other income) increased by 26 per cent to Rs.8,850.7 crore against Rs.7,022.2 crore.
Net interest income grew by 23.5 per cent to Rs.6,388.8 crore, from Rs.5,171.6 crore “driven by average assets growth of 25.9 per cent and a net interest margin for the quarter of 4.3 per cent,” HDFC Bank said.
Other income (non-interest revenue), at Rs.2,461.9 crore, was 27.8 per cent of the net revenue and grew by 33 per cent over Rs.1,850.6 crore in the corresponding quarter ended June, 2014.
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