Key Points
Mumbai: HDFC Bank Ltd on Monday reported a 51% jump in profit in the September quarter, beating analysts estimates, on higher other income and lower provisions..
The bank saw net profit rise to 15,976 crore in the quarter ended 30 September from 10,605 crore in the year-ago period..
The banks core income grew by 30% to 27,385 crore in the quarter ended 30 September from 21,021 crore in the year earlier..
The management said the increase in NPAs was due to the bank restructuring 5,000 crore of its wholesale loan book of HDFC Ltd in the second quarter..
. Total provisions stood at 2,903 crore at the end of the September quarter, compared with 3,240 crore during the corresponding period a year ago..
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