HDFC Bank Q3 net profit rises 20% to Rs 5,586 crore

The bank had posted a net profit of Rs 4,642.6 crore in the October-December quarter of the last fiscal

Private lender HDFC Bank on Saturday reported a 20.3 per cent increase in net profit to Rs 5,586 crore for the December quarter. The bank met profit estimates on the back of healthy growth in net interest income and a higher growth in other income. 

The private sector lender had registered a net profit of Rs 4,643 crore in the year-ago quarter.

Net interest income for the quarter, which is interest earned less interest expended, increased by 22 per cent to Rs 12,577 crore, from Rs 10,314 crore in the previous fiscal year, the bank said in a filing to the exchanges. 

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