HDFC Bank Q2 results: Net profit rises 4.7% to Rs 19,510 crore, NII grows 9.7%

HDFC Bank Q2 shows resilient core trends: net interest income up 9.7%, deposits growing 18.8% and outpacing advances, with gross NPA improving to 1.11%. Weaker treasury gains and a 3.6% decline in other income capped headline profit growth at 4.7%. The read-through is confined to Indian financials and broader emerging-market sentiment, with minimal spillover to global risk assets.