India’s HDFC Bank Q4 net rises a fifth, bad loan ratio eases | business | Hindustan Times
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India’s HDFC Bank Q4 net rises a fifth, bad loan ratio eases

business Updated: Apr 25, 2016 01:14 IST
HDFC

HDFC Bank Ltd, India’s second-biggest private sector lender by assets, said its quarterly net profit rose about a fifth, in line with analysts’ estimates.

HDFC Bank Ltd, India’s second-biggest private sector lender by assets, said its quarterly net profit rose about a fifth, in line with analysts’ estimates.

Gross bad loans as a percentage of total loans fell to 0.94% in the fiscal fourth quarter ended March, from 0.97% in the previous three months.

Net profit was 33.74 billion rupees for the three months to March, compared with 28.07 billion rupees a year earlier, HDFC Bank said in a statement on Friday.

Analysts on average had expected a net profit of 33.86 billion rupees, according to data compiled by Thomson Reuters.