HDFC Bank report 30% rise in net profit for Q3


HDFC-BankHDFC Bank, India's second-biggest private sector lender, on Friday reported a 30 per cent year-on-year growth in its third-quarter net profit from Rs 1,429.66 crore to Rs 1,859 crore, mainly due to strong traction in fee-based income growth.
Net interest income and other income jumped 22 per cent and 26 per cent, respectively, in the three months ended December 31 from the corresponding period of the previous year. This was the 53rd quarter in a row in which HDFC Bank enjoyed an annual growth of 30 per cent or more in net profit. Fees and commissions, to key contributors to the bank's other income, climbed 24.3 per cent over the same period of time.

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