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KRChoksey Research Report
In Q2 FY22, net interest income grew to Rs 17,684 crore from Rs 15,776 crore driven by advances growth of 15.5% YoY.
The core net interest margins stood at 4.1%in Q2 FY22. Profit after tax stood at Rs 8,834 crore, up by 17.6%YoY in Q2 FY22.
Pre-provision operating profits grew 14.4%YoY driven by other income (non- interest income) growth of 21.5% YoY.
HDFC Bank's provisions for the quarter were at Rs 3,925 crore. Total provision for the quarter includes contingent provisions of Rs 1,200 crore.
The credit cost for Q2 FY22 stood at 1.30% versus 1.67% in Q1 FY22.
Gross non performing asset/net non performing asset stood at 1.35%/1.40%in Q2 FY22 as against 1.47%/0.48% in Q1 FY22.
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