BusinessPhoto: Amar BusinessHDFC Bank Q2 Profit Rises to ₹19,510 Crore; Axis Bank Reports 38% Profit Growth
HDFC Bank and Axis Bank, two major private lenders in India, released their Q2 FY27 financial results. HDFC Bank's net profit rose 4.6% year-on-year to ₹19,510 crore, with net interest income increasing 9.7% to ₹34,620 crore. The bank's net interest margin stood at 3.16% on total assets. Asset quality remained stable with a slight decline in NPAs. Axis Bank reported a strong 38% increase in net profit.
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