HDFC Bank Q2 Results 2024 Date Release on (October 19, 2024)

HDFC Bank Q2 Results 2024 Date

HDFC Bank will announce its Q2 results for 2024 on October 19, 2024. This date is important for the bank's investors and stakeholders because it provides insights into the bank's financial performance for the second quarter, which ends on September 30, 2024. In its previous results for the quarter ending in June 2024, HDFC Bank reported a 35% increase in its standalone net profit, which shows strong growth. The bank also experienced a rise in interest earned, indicating better financial health. 

However, there was a slight increase in gross non-performing assets, which investors will watch closely. The results will include both standalone and consolidated financials, helping everyone understand how well the bank is doing overall. This meeting is part of HDFC Bank's regular practice of keeping its shareholders informed about its performance and strategy. The announcement on October 19 will be closely monitored by the financial market.

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About HDFC Bank 

HDFC Bank is one of India’s largest private-sector banks. It was founded in August 1994 and is based in Mumbai. The bank started its operations in January 1995 and has grown significantly over the years. HDFC Bank provides a wide range of financial services, including consumer banking, commercial banking, insurance, credit cards, and investment banking. As of 2024, it operates over 8,851 branches and has around 20,938 ATMs across India, serving millions of customers.

HDFC Bank is known for its strong financial performance, with a revenue of about ₹407,994 crore (approximately $49 billion) in 2024. It is also recognized as a Domestic Systemically Important Bank, meaning it plays a critical role in the Indian banking system. With over 213,000 employees, HDFC Bank is a significant employer and has a strong presence in the financial services industry, making it a trusted choice for many people in India.