 "HDFC Bank Q3 profit up 15 per cent, beats estimates")
Net profit was Rs 3870 crore ($567.91 million) for the three months to December 31, compared with Rs 3357 crore reported a year ago, said HDFC Bank, the most valuable bank in the sector.
Analysts on average had expected a net profit of Rs 3788 crore, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans were 1.05 per cent in the December quarter, versus 1.02 per cent in the September quarter.
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