HDFC Bank reports Q2 net profit of Rs 16,811 cr - Rediff.com

HDFC Bank reports Q2 net profit of Rs 16,811 cr - Rediff.com Business

HDFC Bank on Monday reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself.

On a standalone basis, the largest private sector lender reported a net profit of Rs 15,976 crore.

In the year-ago period, the net profit of the merged entity would have been Rs 11,162 crore on a consolidated level while the same on a standalone basis would have been Rs 10,606 crore.

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