HDFC Bank, a leading private sector lender, reported a growth of 20.28% in net profit for the second quarter of fiscal year 2018. During the quarter, the net profit rose to Rs 47.99 billion as compared to Rs 39.90 billion in the same period last year.

Total income grew 18.50% to Rs 255.49 billion over Rs 215.60 billion in the same period a year ago.

Provisions and contingencies for the quarter ended March 31, 2018 were Rs 15.41 billion (consisting of specific loan loss provisions Rs 11.32 billion, general provisions Rs 1.53 billion, and other provisions Rs 2.55 billion) as against Rs 12.61 billion (consisting of specific loan loss provisions Rs 9.77 billion, general provisions Rs 2.80 billion, and other provisions Rs 36 million) for the quarter ended March 31, 2017. Profit before tax for the quarter ended March 31, 2018 was up 21.2% to Rs 72.94 billion.

Shares of the bank declined Rs 17.65, or 0.9%, to trade at Rs 1,943.30. The total volume of shares traded was 137,644 at the BSE (10.05 a.m., Monday).