HDFC Bank Q4 net rises 22.6% to Rs 5,885 cr; to raise Rs 50 K-cr in 1 year

The bank's net interest income (NII) increased by 22.8% per cent YoY to Rs 13,090 crore in Q4FY19

Private lender HDFC Bank Saturday reported a 23 per cent jump in its net profit to Rs 5,885.12 crore for the quarter ended March 2019 on a healthy growth in its net interest income.

The bank had registered a net profit of Rs 4,799.28 crore in the January-March quarter of 2017-18.

Total income for the quarter ended March 31, 2019, stood at Rs 31,204.5 crore, up by 22.1 per cent from Rs 25,549.7 crore for the quarter ended on March 31, 2018, the bank said in a regulatory filing.

Net interest income grew by 22.8 per cent to Rs 13,089.5 crore