 "HDFC Bank branch office in Mumbai")
Private lender HDFC Bank saw a 20 per cent rise in net profit for the September quarter on the back of revenue growth and a reduction in the cost-to-income ratio.
However, it saw the provisions and contingencies growing twofold over the year-ago quarter. Net profit grew to Rs 4,151 crore for the quarter ended September 2017, against Rs 3,455 crore for the same quarter in the previous year.
The provisions and contingencies, including those for stressed loans, were Rs 1,476.2 crore, against Rs 749 crore in the year-ago quarter. The specific loan loss provisions and general and other provisions were
