HDFC Bank, India's second-biggest private sector lender by assets, on Saturday reported a 20.2% increase in quarterly profit, beating estimates.
The Mumbai-based lender said net profit rose to Rs 2,795 crore ($450.33 million) in its fiscal third quarter to Dec. 31, from Rs 2,326 crore a year earlier.
Analysts on average had expected a net profit of Rs 2,780 crore, according to data compiled by Thomson Reuters.
Gross NPA and Net NPA were stable at 1% and 0.3% respectively.
The capital adequacy ratio was 15.7%, same as last quarter.
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