HDFC Bank, one of the leading private sector lenders, on Tuesday reported growth of 20.13% in its net profit for the second quarter of fiscal year 2015.
 
The bank earned a profit of Rs 23.81 billion for the quarter ended Sep. 30, 2014. Analysts on average had predicted net profit of Rs 23.98 billion.
 
The bank's quarterly income totaled at Rs 138.94 billion, an increase of 16.39% over Rs 119.37 billion in the same period a year ago.
 
Net interest margin for the quarter was at 4.5% as against 4.3% for the corresponding quarter ended Sep. 30, 2013.

Advances as of Sep. 30, 2014 were Rs 327.27 billion, an increase of 21.8% over Sep. 30, 2013.

Total deposits as of Sep. 30, 2014 were Rs 390.68 billion, an increase of 24.8% over the same period last year.

Savings account deposits grew 18.8% over the previous year to reach Rs 110.81 billion and current account deposits at Rs 578.03 grew 21.4% over the previous year. CASA mix was 43.2% as at Sep. 30, 2014.

Shares of the bank gained Rs 5.75, or 0.64%, to trade at Rs 900.55. The total volume of shares traded was 225,984 at the BSE (1.28 p.m., Tuesday).