HDFC Bank Q3 results: Net profit rises 18% to Rs 10,342 cr

The lender's net interest income, the difference between interest earned and interest expended, grew by 13% to Rs 18,443.5 cr in Q3FY21

Private lender HDFC Bank on Saturday reported an 18% jump in standalone net profit at Rs 10,342 crore for the quarter ending December 31, 2021. The bank reported net profit of Rs 8,758 crore in the year-ago period.

The bank's net revenues, the sum of NII and other income, increased by 12% to Rs 26,627 crore as against Rs 23,760.8 crore in Q3FY21.

Net interest income, the difference between interest earned and interest expended, grew by 13% to Rs 18,443.5 crore as compared to Rs 16,317.6 crore in December 2020.

On Friday, HDFC Bank's scrip on BSE closed 1% higher