HDFC Bank’s second-quarter earnings report reveals a notable surge in net profit, which has increased by 50% to reach Rs 15,976 crore.
HDFC Bank, in its first earnings report since merging with Housing Development Finance Corp (HDFC), announced a net profit of Rs 15,976.11 crore for the July-September quarter, marking a remarkable year-on-year increase of just over 50%. On a sequential basis, the net profit demonstrated a significant rise of 33.7%, surpassing the brokerage estimates. This surge…