Mumbai: HDFC Bank on Saturday said its second-quarter net profit rose 20.59% on the back of higher net interest income and other income.

The bank posted a net profit ₹ 5,005.73 crore for the three months ended 30th September, compared with ₹ 4,151.03 crore in the year-ago period.

Profit was lower than ₹ 5,033.4 crore estimated by a Bloomberg poll of 17 analysts.

Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 20.62% to ₹ 11,763.41 crore, from ₹ 9752.07 crore in the corresponding period last year.

Other income, which includes core fee income, rose 11.36% to ₹ 4,015.59 crore during the period, from ₹ 3,605.90 crore a year ago.

Gross non-performing assets (NPAs), as a percentage of total advances, were at 1.33% in the September quarter, against 1.33% in the June quarter and 1.26% a year ago.

Provisions during the quarter increased 23.29% to ₹ 1,819.96 crore, against ₹ 1,476.19 crore in the year-ago quarter. In the April-June quarter, the bank had set aside ₹ 1,629.37 crore in provisions.

Post-provision, the net NPA ratio was at 0.40% against 0.41% in the April-June quarter, and 0.43% in the year-ago quarter.

On Friday, shares of the bank lost 0.46% to close at ₹ 1,965.80 a piece, while the Sensex index lost 1.33% to close at 34,315.63 points.

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