HDFC Bank Q4 net profit rises 20.6 percent, beats estimates

MUMBAI (Reuters) - HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported on Thursday a 20.6 percent rise in quarterly profit, beating estimates.

The Mumbai-based lender said net profit rose to 28.07 billion rupees ($444.3 million) in its fiscal fourth quarter to end-March from 23.27 billion rupees a year earlier.

Analysts on average had expected a net profit of 27.8 billion rupees, according to data compiled by Thomson Reuters.

($1 = 63.1800 rupees)

(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)