HDFC Bank on Tuesday reported a good set of numbers for the December quarter, with the net profit rising nearly 34% year-on-year (YoY) to Rs 16,372.54 crore. The bottomline was higher than an ETNow poll of Rs 15,846 crore.
Net interest income (NII), the difference between interest earned and interest expended, rose 24% YoY to Rs 28,471.34 crore. However, the NII figure trailed estimates of Rs 29,067 crore.
More to come...