HDFC Bank - Q2FY13 Result first cut - Microsec

HDFC Bank Ltd has announced its Q2FY13 result on 12th October 2012.

The bank's total income increased by 1.26% QoQ and 22.15% YoY to INR5076.81 crores, driven by 26.73% and 11.01% YoY growth in its Net Interest Income (NII) and Other Income respectively. Whereas, the Profit After Tax (PAT) increased by 10.06% QoQ and 30.07% YoY to INR1559.98 crores.

During the quarter, the bank's loans book and total deposits expanded by 22.89% and 18.84% YoY to INR231648.61 and INR274130.04 crores respectively. On the assets quality front, the bank has improved its assets quality. Bank's GNPA decreased by 6bps QoQ and 9bps YoY to 0.91%, whereas NNPA remained flat at 0.20%. The capital Adequacy Ratio (CAR) stood at 17.00%, which is 800bps or 8% higher than the regulator stipulated norms. On the margin front, bank's Net Interest Margin improved by 10bps YoY and decreased by 10bps QoQ. Moreover, CASA ratio stood at 45.90%.

Source : Equity Bulls

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