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Friday, October 12, 2012

HDFC Bank Q2 net jumps 30% to Rs 1,560 cr

HDFC Bank has reported a 30 per cent increase in net profit at Rs 1,560 crore in the second quarter ended September 30, 2012 against Rs 1,199 crore in the year-ago period.

Net interest income (interest earned less interest expended) of India’s second largest private sector bank grew 26.7 per cent to Rs 3,732 crore.

NII was driven by a loan growth of 23 per cent and a net interest margin of 4.2 per cent.


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