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HDFC Bank Q3 results: Net profit jumps to ₹8,758 crore; NII rises 15%


HDFC Bank Q3 results: Net profit jumps to ₹8,758 crore; NII rises 15%
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Asset quality of the bank has seen improvement in the December quarter
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HDFC Bank on Saturday reported a 18.1% year-on-year increase in net profit of ₹8,758.3 crore for the quarter ended in December 2020. The profit in the year ago period was at ₹ ₹7,416.48 crore. The private lender s net interest income, the difference between interest earned and interest expended, grew 15.1% year-on-year to ₹16,317.6 crore during the quarter under review. NII was ₹14,172.9 crore in the corresponding period. NII was driven by advances growth of 15.6% and a core net interest margin for the quarter of 4.2%, the bank said. ....

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