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HDFC Bank, the country’s second-largest private sector lender, on Tuesday reported a 15 per cent jump in its net profit at Rs 3,865.3 crore for the quarter ended December, on the back of higher interest income.
Net interest income ( the difference between interest earned and interest expended) during the quarter increased 17.6 per cent to Rs 8,309.1 crore, from Rs 7,068.5 crore a year ago. This was led by an average assets growth rate of 18.6 per cent.
Other income, which includes fees and commissions, grew 9.4 per cent to Rs 3,142.7 crore. Paresh Sukthankar, deputy managing director of
