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HDFC Bank reports 18% growth in Q3 profit, recasts 0.5% of loan book
HDFC Bank’s other income rose 11.6% y-o-y to ₹7,443 crore.
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Mumbai: Private sector lender HDFC Bank on Saturday reported a 18% year-on-year (y-o-y) rise in net profit to ₹8,758.29 crore for the three months to December owing to higher net interest income and other income.
Its profit was higher than ₹7,818 crore estimated by a Bloomberg poll of 15 analysts.
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. 04 Apr 2021
The bank’s net interest income difference between interest earned and interested expended – grew 15.1% y-o-y to ₹16.317.6 crore. Its net interest margin a key measure of profitability stood at 4.2%. HDFC Bank’s other income rose 11.6% y-o-y to ₹7,443 crore.