HDFC Bank's net profit rises 18% to Rs 8,186 cr in Q4, misses estimates

The net interest income of the lender rose 12.6% in Q4FY21 to Rs 17,120 cr

Country’s largest private-sector lender HDFC Bank on Saturday reported an 18.2 per cent rise in net profit at Rs 8,186.5 crore in the quarter ending March 31, 2021. In the same period last year, the bank's net profit stood at Rs 6,927.69 crore. 

The bank’s quarterly performance missed analysts’ estimates as Bloomberg analysts had estimated a net profit of Rs 8,436 crore and net interest income of Rs 16,409 crore for the fourth quarter.

The net interest income (NII) of the lender rose 12.6 per cent in Q4FY21 to Rs 17,120 crore, driven by growth in advances at 14 per cent and