HDFC Bank fell 2.52% to Rs 1483.40 after the bank announced its first quarter earnings on Saturday (17 July 2021). The private sector bank reported 16.08% rise in standalone net profit to Rs 7,729.64 crore on 6.73% increase in total income to Rs 36,771.47 crore in Q1 FY22 over Q1 FY21. Profit before tax (PBT) for the quarter ended 30 June 2021 at Rs 10,306.2 crore, grew 15.3% over corresponding quarter of the previous year. Tax expense increase 13.05% year-on-year (YoY) to Rs 2,576.55 crore during the quarter. Net interest income for the quarter ended 30 June 2021 grew to Rs 17,009 crore from Rs 15,665.40 crore for the quarter ended 30 June 2020, driven by advances growth of 14.4%, and a core net interest margin of 4.1%.