Q1 2020 HDFC Bank Ltd Earnings Call Transcript

Jul 20, 2019

Jul 20, 2019 / 11:30AM GMT
Operator

Ladies and gentlemen, good evening, and welcome to the HDFC Bank's Q1 FY '20 Earnings Conference Call on the financial results presented by Mr. Srinivasan Vaidyanathan, Deputy Chief Financial Officer. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Srinivasan Vaidyanathan. Thank you, and over to you, sir.

Srinivasan Vaidyanathan - HDFC Bank Limited - Group Head of Finance

Thank you, Lisan. Good evening to all. We appreciate you taking the call this evening. Getting to the highlights for the quarter now. The bank's total income for the quarter ended June 30, 2019 at INR 32,361.8 crore grew by 22.7% from INR 26,367 crore in the corresponding quarter of the previous year. Net revenues for the quarter amounted to INR 18,264.5 crore, an increase of 24.8%. Net interest income for the quarter was INR 13,294.3 crore. This is showing a growth of 22.9%. The core net interest margin for the quarter was 4.3%.

Other income for the quarter amounted to INR 4,970.3 crore. Fees and commission

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