 "hdfc, bank, HDFC bank")
HDFC Bank saw a rise of 20 per cent in profit in the first quarter, backed by a rise in revenue and a reduction in cost-to-income ratio.
The private sector lender’s net profit rose 20 per cent to Rs 3,893 crore in the quarter ended June from Rs 3,239 crore in the year-ago quarter.
Analysts say that HDFC Bank’s performance exceeded expectations on most operating performances. This was despite the marginal impact on asset quality due to the spate of farm-loan waiver demands across the country.
Net interest income, the difference between interest earned and interest expended, was Rs 9,370 crore in the
