HDFC Bank Q2 net profit surges 30% to Rs 687.5 cr

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NII growth was lower-than-expected. It  was expected at 9.5% but came at 4.78%. This despite QoQ improvement in NIMs (4.2% versus 4.1%) and also CASA has improved to 47% versus 44%.

Advances grew at 11.2% in Q2 and deposits grew by 11.97%. Revenues from corporate banking was lower by 24% and retail by 3.39%.

Profit from treasury stood at Rs 250 crore versus loss of Rs 162 crore. Net NPAs were down 4% to Rs 602.43 crore (QoQ).

Other income was up 56.58% to Rs 1,007 crore from Rs 643.11 crore. Provisions were up 71.7% to Rs 594.14 crore from Rs 346.03 crore.
 
NIMs
* Q2FY10: 4.2%
* Q1FY10: 4.1%
* Q4FY09: 4.2%
* Q3FY09: 4.3%
* Q2FY09: 4.2%
* Q1FY09: 4.1%
 
CAR
* Q2FY10: 15.7%
* Q1FY10: 15.4%
* Q4FY09: 15.1%
* Q3FY09: 13.7%
* Q2FY09: 11.4%
* Q1FY09: 12.2%
 
% NPAs
* Q2FY10: 0.5%
* Q1FY10: 0.6%
* Q4FY09: 0.6%
* Q3FY09: 0.6%
* Q2FY09: 0.6%
 
CASA
* Q2FY10: 47%
* Q1FY10: 45%
* Q4FY09: 44%
* Q3FY09: 40%
* Q2FY09: 44%

Watch the accompanying video for HDFC Banks' press conference....