<p>HDFC Bank has reported an increase of 30 per cent in its second quarter net profit helped by lower provision and a 28 per cent rise in net interest income driven by 23 per cent growth in loans and an interest margin of 4.2 per cent. <br /><br /></p>.<p>In a filing with the BSE, it said that income was Rs 9,869.8 crore for the quarter ended September 30, 2012, compared to Rs 7,929.4 crore for the same period last year. Net profit at Rs 1,560 crore was 30 per cent up from Rs 1,199 crore. <br /><br />The bank’s advances portfolio grew 23 per cent and stood at Rs 2.31 lakh crore as on September 30, 2012. Retail loans comprised 53 per cent of loan book. <br /><br />Deposits at Rs 2.74 lakh crore represented a 19 per cent increase. Non performing assets stood at stood at 0.2 per cent of total advances, unchanged from last year. The capital adequacy ratio was 17 per cent, up from 15.5 per cent as on September 30, 2011.</p>
<p>HDFC Bank has reported an increase of 30 per cent in its second quarter net profit helped by lower provision and a 28 per cent rise in net interest income driven by 23 per cent growth in loans and an interest margin of 4.2 per cent. <br /><br /></p>.<p>In a filing with the BSE, it said that income was Rs 9,869.8 crore for the quarter ended September 30, 2012, compared to Rs 7,929.4 crore for the same period last year. Net profit at Rs 1,560 crore was 30 per cent up from Rs 1,199 crore. <br /><br />The bank’s advances portfolio grew 23 per cent and stood at Rs 2.31 lakh crore as on September 30, 2012. Retail loans comprised 53 per cent of loan book. <br /><br />Deposits at Rs 2.74 lakh crore represented a 19 per cent increase. Non performing assets stood at stood at 0.2 per cent of total advances, unchanged from last year. The capital adequacy ratio was 17 per cent, up from 15.5 per cent as on September 30, 2011.</p>
