HDFC Bank Reports Q2 Net Profit Growth of 4.7% Amid Margin Pressure
· Business · LiveMint, The Hindu
HDFC Bank posted a September-quarter net profit of ₹19,510 crore for FY27, marking a 4.7% year-on-year increase. Its net interest margin declined by 10 basis points sequentially and year-on-year to 3.16%, touching a 12-quarter low. Core pre-provisioning operating profit grew 12.6% year-on-year to ₹28,683 crore, driven by a nearly 10% rise in net interest income. Gross NPA improved by 6 basis points quarter-on-quarter to 1.11% as new bad loan slippages shrank 13%. Loan growth in retail assets and business banking reached 11.3% and 28.1% respectively, helping offset lower-yielding mortgage growth.
Why it matters
HDFC Bank's margin recovery and asset quality trends dictate credit cost expectations for the Indian banking sector and influence consumer loan pricing.
Read the original report — LiveMint
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