HDFC Bank Ltd , India's largest private lender, on Saturday reported a 19.8% jump in net profit for the January-March quarter, aided by healthy net interest income and robust loan growth.
The headquarters of India's HDFC bank is pictured in Mumbai, India, December 4, 2015. To match interview HDFC BANK-OUTLOOK/ REUTERS/Shailesh Andrade/File Photo, India's largest private lender, on Saturday reported a 19.8% jump in net profit for the January-March quarter, aided by healthy net interest income and robust loan growth.
The net profit however missed street estimates. Analysts had forecast a profit of 132.12 billion rupees, according to Refinitiv data. Core net interest margin - a key indicator of bank's profitability - stood at 4.1% on total assets in the reporting quarter.
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