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HDFC Bank Q3 net profit rises 33% to Rs 7,416 cr on higher interest income

Total income rose to Rs 36,039 crore during the December quarter against Rs 30,811.27 crore in the year-ago period, HDFC Bank said in a statement.

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Press Trust of India New Delhi
Private lender HDFC Bank on Saturday reported a 32.8 per cent growth in net profit to Rs 7,416.5 crore for the third quarter ended December 31 driven by interest and non-interest income.

The bank had posted a net profit of Rs 5,585.9 crore in the October-December quarter of the last financial year.

Total income rose to Rs 36,039 crore during the December quarter against Rs 30,811.27 crore in the year-ago period, HDFC Bank said in a statement.

"Net interest income (interest earned less interest expended) for the quarter ended December 31, 2019, grew to Rs 14,172.9 crore from Rs 12,576.8 crore for the