Q2 2020 HDFC Bank Ltd Earnings Call Transcript
Ladies and gentlemen, good evening and welcome to the HDFC Bank Q2 FY '20 Earnings Conference call on the financial results presented by Mr. Srinivasan Vaidyanathan, 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.
Okay. Thank you. I appreciate the participants calling in today. We'll get to the results highlights for the quarter and also the half year ended September 30, 2019.
Let's start with the net revenues. Net revenues grew by 21.1%, driven by advances growth of 19.5% and deposit growth of 22.6% and other income growth of 39.2%.
Getting to the details of the underneath this. Net interest income for the quarter was INR 13,515 crore. The margin remained at historical range of 4.2%.
The bank's average liquidity coverage ratio for the quarter was at 133%. The current ALCO strategy is to maintain a stronger-than-usual liquidity
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