Its total deposits at the end of September quarter stood at Rs 10,21,615 crore, an increase of 22.6 percent YoY, with CASA deposits rising 14.7 percent and time deposits increasing 28.3 percent YoY, it added.
The stock rallied 16 percent year-to-date, outperforming the Nifty50 as well as Bank Nifty which both gained more than 7 percent.
"The stock is expected to open positive on October 22 given healthy growth in earnings. We maintained our buy call it," Siddharth Purohit of SMC Global Securities told CNBC-TV18.
Other income (non-interest income) increased significantly by 39.18 percent to Rs 5,588.72 crore in July-September quarter YoY while pre-provision operating profit climbed 23.40 percent YoY to Rs 11,698.08 crore in Q2FY20.
Fees and commissions, which contributed more than 72 percent to other income, grew by 23 percent year-on-year to Rs 4,054.5 crore in Q2.
Foreign exchange & derivatives revenue increased 31.4 percent to Rs 551.7 crore while gain on sale/ revaluation of investments stood at Rs 480.7 crore during the quarter ended September 2019 against loss of Rs 32.8 crore in the corresponding period last year, the lender said in its BSE filing.
Asset quality remained stable for the quarter with gross non-performing assets as a percentage of gross advances falling sequentially to 1.38 percent from 1.40 percent, and net NPA as a percentage of new advances declining to 0.42 percent against 0.43 percent QoQ.
Its NPA from agricultural segment was unchanged at 1.2 percent QoQ in Q2. The bank said it held floating provisions of around Rs 1,451 crore as on September 2019 and total provisions were 114 percent of the gross non-performing loans as of Q2FY20.
HDFC Bank said provisions and contingencies increased sharply by 48.39 percent to Rs 2,700.68 crore in Q2 compared to year-ago period while the same grew by 3.33 percent QoQ.
The lender improved its cost-to-income ratio for the quarter to 38.8 percent, from 39.9 percent in same period last year.