HDFC Bank announced a net profit of Rs. 1,982.3 crore for the second quarter ended September 30, 23013, an increase of 27.1 per cent over the same period in the previous year.

The bank’s total income was Rs. 11,937.7 crore, as against Rs. 10,146.7 crore, in the year-ago period.

Net interest income (interest earned less interest expended) for the quarter ended September 30, 2013, accounted for 71 per cent of net revenues and grew by 15.3 per cent to Rs. 4,476.5 crore from Rs. 3,881.9 crore.

Net interest margin 4.3 per cent as against 4.4 per cent.

Net non-performing assets stood at 0.3 per cent of net advances as on September 30, 2013. Total restructured loans accounted for 0.2 per cent of gross advances as of September 30, 2013 as against 0.3 per cent as of September 30, 2012.

'This loan growth was contributed by both segments of the bank loan portfolio, with retail loans growing by 16.9 per cent and wholesale loans by 15 per cent resulting in a retail and wholesale loan mix of 53:47,' Mr. Sukthankar added.