HDFC Bank Q2 Profit Rises 4.7%; Deputy MD Bharucha to Step Down
HDFC Bank reported second-quarter profit growth of 4.7%, narrowly missing analyst expectations, as weaker treasury income and higher bad-loan provisions offset strong lending growth. The bank also said Deputy Managing Director Bharucha will step down.
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11:32:27 AM UTC
SquawkNews
India’s largest private-sector lender reports a year-on-year increase in second-quarter profit, while net interest income falls short of forecasts and provisions rise amid improving asset qualityHDFC Bank reported a 4.7 per cent year-on-year rise in consolidated net profit to Rs 19,510 crore for th…
11:48:55 AM UTC
SquawkNews
New Delhi, Oct. 17 -- HDFC Bank, India's largest private sector lender, on Saturday announced its financial results for the second quarter of FY27, reporting a 5.2% year-on-year (YoY) increase in standalone net profit to Rs.19,609.96 crore.The bank's profit after tax (PAT) was Rs.18,641.28 crore in…
By Ashwin ManikandanIndia's largest private-sector lender, HDFC Bank NSE:HDFCBANK, reported a second-quarter profit on Saturday that narrowly missed analyst expectations, as weaker treasury income and higher provisions for bad loans offset strong lending growth.The lender also said in a regulatory…