 "HDFC Bank branch office in Mumbai")
HDFC Bank Ltd, India's third-biggest lender by assets, on Tuesday reported a 15 per cent rise in third-quarter net profit, above analyst estimates, due to higher interest and fee income.
Net profit was Rs 3870 crore ($567.91 million) for the three months to December 31, compared with Rs 3357 crore reported a year ago, said HDFC Bank, the most valuable bank in the sector.
Analysts on average had expected a net profit of Rs 3788 crore, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans were 1.05 per cent in the December quarter, versus 1.02 per cent in the September quarter.
