HDFC Bank Ltd, India's second-biggest lender by assets, reported fourth-quarter net profit rose 18.3 per cent on higher interest and fee income, slightly ahead of estimates.
Net profit was Rs 3,990 crore ($617.60 million) for the three months to March 31, compared with Rs 3,374 crore reported a year ago, HDFC Bank, the most valuable lender in the sector, said on Friday (April 21).
Analysts, on average, had expected a net profit of Rs 3,956 crore, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans, at 1.05 per cent, were little changed from end-December.
(Reuters)
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