HDFC Bank's Q3 PBT up 15.6% to Rs 9,901 cr; provisions rise by 37.6%

The specific loan loss provisions in the current quarter include one-offs of approximately Rs 700 crore, primarily relating to some corporate accounts

The country’s largest private lender HDFC Bank’s profit before tax (PBT) rose by 15.6 per cent to Rs 9,901.85 crore for the quarter ended December 2019 (Q3FY20) on robust growth in net interest income, and fees and commissions. It had posted a PBT of Rs 8,566.89 crore in quarter ended December 2018 (Q3FY19).

The bank’s net profit in Q3FY20 rose by 32.8 per cent to Rs 7,416.5 crore, compared to Rs 5,585.85 crore in the corresponding period of the previous year. Its net interest income (NII), which is interest earned less interest expended, in the quarter rose by 12.7 per