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HDFC Bank third-quarter net up 33% on loan growth, beats estimates

HDFC Bank third-quarter net up 33% on loan growth, beats estimates

Sunday, January 19, 2020, 12:31 PM

HDFC Bank Ltd, India's largest private lender, on Saturday posted a nearly 33% jump in standalone net profit for the quarter to December helped by growth in its loans portfolio. HDFC Bank reported a net profit of 74.16 billion Indian rupees ($1.04 billion) for its third quarter, up from 55.86 billion a year earlier, it said in a regulatory filing.
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