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)
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