Asset quality of HDFC Bank remains stable

This was reflected the bank's stock prices as well, which rose by 2.4%

The March quarter was yet another one in which the HDFC Bank outperformed the Street expectations on most parameters. The strong performance was reflected in the bank's stock prices as well, which rose by 2.4 per cent on an otherwise flat day of trade.

Its net interest income (NII) grew by 21.5 per cent year-on-year to Rs 9,055 crore. Net profit, which expanded by 18.3 per cent year-on-year to Rs 3,990 crore was ahead of Bloomberg estimates at Rs 3,950 crore. Net interest margin (NIM) was maintained at 4.3 per cent. The operational performance helped the bank overcome any possible asset