ALSO READHDFC Bank third-quarter profit up 15 percent, beats estimates HDFC Bank Q2 net profit up 20 percent, beats estimates Indian private sector banks reap Q2 profit boost; bad loans ease HDFC Bank to cut lending rates by 75-90 bps - source Advance tax mop-up rises a tepid 10% as large banks drag
Net profit was 39.9 billion rupees ($617.60 million) for the three months to March 31, compared with 33.74 billion rupees reported a year ago, HDFC Bank, the most valuable lender in the sector, said on Friday.
Analysts, on average, had expected a net profit of 39.56 billion rupees, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans, at 1.05 percent, were little changed from end-December.
($1 = 64.6050 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Muralikumar Anantharaman)
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