HDFC Bank Q2 Results 2021: Integrated net profit of private sector giant HDFC Bank increased by 18 percent to Rs 9,096 crore in the second quarter of the current financial year ended September 2021. According to the news of PTI, the country’s largest private sector bank had earned a consolidated net profit of Rs 7,703 crore in the same quarter of the previous financial year.
Total consolidated income of the bank
According to the news, the bank said in a statement on Saturday that its total consolidated income during the quarter increased to Rs 41,436.36 crore as against Rs 38,438.47 crore in the same quarter of the previous financial year. After Rs 3,048.3 crore for taxation on a single basis, the bank has earned a net profit of Rs 8,834.3 crore. This is 17.6 percent more than the corresponding quarter of the previous financial year.
Net profit in the same quarter a year ago
On a standalone basis, the bank’s net profit stood at Rs 7,513.1 crore in the same quarter a year ago. The bank’s single income increased to Rs 38,754.16 crore in the second quarter from Rs 36,069.42 crore in the same quarter a year ago, the statement said.
HDFC Bank is aggressive after lifting the ban
RBI has recently removed the ban on the issuance of credit cards on the bank. Since then HDFC Bank is rapidly expanding its credit card business. HDFC Bank has taken a very aggressive approach ever since the central bank’s green signal to issue new cards, which has helped in revitalizing the bank’s credit card portfolio.
