Shares of HDFC Bank are trading higher on the NSE after the bank announced Q2FY19 results on October 20. The bank's NII for Q2FY19 improved 20.6% yoy to Rs1,1763.5cr against Rs9,752cr in Q2FY19.
The bank’s net profit was in-line with the consensus estimates due to better NII growth, which improved 20.6% to Rs5,005.7cr against Rs4,151cr yoy.
Its GNPA for Q2FY19 was flat qoq at 1.33%. NNPA for the quarter stood at 0.40% against 0.41% qoq, a decline of 1bps.
Non-interest income growth was muted owing to lower trading income. The core fee income grew 26% yoy on account of loan growth.
HDFC Bank Ltd is currently trading up 1.21% at Rs1,989.50 from its previous closing of Rs1,965.80 on the BSE.
The scrip opened at Rs2,005.30 and has touched a high and low of Rs2,020.45 and Rs1,988 respectively.
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