HDFC Bank, India's second-biggest private sector lender by assets, said its quarterly net profit rose by a fifth, broadly in line with analysts' estimates.
The bank's bad loans also rose.
Net profit rose to 33.57 billion rupees ($495 million) for its fiscal third quarter to Dec. 31, from 27.95 billion rupees reported a year earlier, HDFC Bank said in a statement on Monday.
Gross non-performing loans as a percentage of total loans rose to 0.97 per cent in the December quarter from 0.91 per cent in the previous three months.
