HDFC Bank Q3 net profit rises record 20% to Rs 46.43 billion

Gross bad loans as a percentage of total loans stood at 1.29 per cent at end-December, versus 1.26 per cent at end-September

Private lender HDFC Bank today reported a 20.1 per cent growth in net profit to Rs 46.63 billion for the third quarter of the current fiscal.

The private sector bank had posted a net profit of Rs 38.65 billion in the October-December quarter of last fiscal.

Total income rose to Rs 244.50 billion during the December quarter, up 17.84 per cent from Rs 207.48 billion in the year-ago period.

Net interest income grew by 24.1 per cent to Rs 103.14 billion during the quarter under review from Rs 83.09 billion reported in the corresponding quarter a year ago.