Despite slow/soft FX and Derivatives business int he quarter, 23% growth in the Corporate loan book exceeded the industry growth rate of 16% by nearly 50% Including the current Fee income the quoted Net interest Margin is a high 4.2% even as provisions dipped by almost 30% to INR 293.3 Crores or less than INR 3 B

Indusind Bank grew Q2 net to INR 250 Crs or INR 2.5 B at an almost 10% clip over Q1 2013 while HDFC Bank also grew profit sequentially from INR 14.77B to INR 15.6 B at nearly 6% on a much larger base

HDFC Bank has grown Net interest Income almost 10% sequentially from INR 34.8 B to INR 37.3B on the wires while Overall Operational Interest Income has grown to INR85.3 B or 30% on year from INR 67.2B. Year ago net profit was barely INR 12 B

Posted via email from The India Investment Post