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HDFC Bank Q2 net profit up 31.5% at Rs 1199 cr19102011

Wednesday, October 19, 2011

Backed by a robust loan growth and fee income, India’s second largest private sector lender HDFC Bank’s second quarter net profit rose a 31.5% at Rs 1,199 crore. Net interest income increased nearly 17% to Rs


2,945 crore. The numbers were almost in-line with CNBC TV18 estimates.

“Retail loans have been the largest contributor to our asset book,” said Paresh Sukhtankar, executive director, HDFC Bank in analyst conference call.



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