HDFC Bank, a leading private sector lender, today reported a growth of 20.14% in net profit for the second quarter of fiscal year 2017. During the quarter, the net profit rose to Rs 41.51 billion as compared to Rs 34.55 billion in the same period last year.
Total income grew 16.55% to Rs 232.76 billion over Rs 199.70 billion in the same period a year ago.
Provisions and contingencies for the quarter ended September 30, 2017 were Rs 14.76 billion as against Rs 7.48 billion.
Shares of the bank declined Rs 4.2, or 0.23%, to trade at Rs 1,858.45. The total volume of shares traded was 89,736 at the BSE (1.22 p.m., Tuesday).