HDFC Bank’s core income surged 9.7% YoY to ₹34.62 L crore, landing just shy of the ₹34.86 L crore forecast by CNBC‑TV18.
Net profit edged up 4.7% to ₹19.51 L crore, a modest lift from ₹18.64 L crore in Q1 and matching the ₹19.57 L crore consensus.
Asset quality held steady: gross NPA ratio fell to 1.11% from 1.17%, while net NPA eased to 0.37% versus 0.41% a quarter earlier.
Advances grew 16.3% YoY to ₹32.19 L crore, with a 5.2% sequential rise, signalling continued credit expansion.
Deposits climbed 18.8% YoY to ₹33.27 L crore, though CASA growth slowed to 2.6% sequentially, reflecting a shift toward term deposits, which surged 22.8% YoY.
Forward: The bank will release Q3 results on December 15, while the board will appoint Anup Bagchi as CEO on October 26. Market watchers keep a close eye on the transition and any impact on risk‑adjusted returns.