HDFC Bank has released its second quarter results. The bank's profit has closed with a gain of more than 5 percent. At the same time, net interest income has increased by 10 percent. Both the bank's profit and NII have been better than market estimates. NPAs have weakened somewhat on a quarter-on-quarter basis. At the same time, there has been some increase in provisions compared to the previous quarter. In the last trading session, HDFC Bank's stock closed with a gain of about half a percent.

How were the quarterly results?

In the second quarter, the bank's profit was Rs 16821 crore, an increase of 5.3 percent compared to last year. In the same quarter last year, the bank had a profit of Rs 15976 crore. This profit figure is 3.4 percent above market estimates. In the CNBC TV18 poll, a profit of Rs 16267 crore was estimated. The bank's net interest income has increased by 10 percent to Rs 30114 crore compared to last year. In the same quarter a year ago, NII was at the level of Rs 27385 crore. This figure of NII is slightly above the estimates. In the poll, NII was estimated at Rs 30097 crore. How was the asset quality? Some weakness has been seen in the asset quality of the bank compared to the first quarter. In the second quarter, the bank's gross NPA was at the level of 1.36 percent, which was at the level of 1.33 percent in the first quarter. At the same time, net NPAs remained at 0.41 percent, which was at 0.39 percent in the first quarter. If we look at the loan value, gross NPA has increased from Rs 33025.7 crore to Rs 34250.6 crore as compared to the first quarter. At the same time, net NPA has increased from Rs 9508 crore to Rs 10308 crore.