HDFC Bank, India's third largest in terms of assets, has posted profit growth of more than 30% every quarter for the last decade.
MUMBAI: HDFC Bank Ltd posted on Wednesday a 30 percent rise in first-quarter net profits, in line with expectations, boosted by higher fee income and credit growth.
The Mumbai-based lender, India's third largest in terms of assets, has posted profit growth of more than 30 percent every quarter for the last decade.
Net profit rose to 18.4 billion rupees ($310.7 million) in the quarter ended June from about 14.17 billion rupees a year earlier. Net interest income grew nearly 21 percent to 44.16 billion rupees.
The Mumbai-based lender, India's third largest in terms of assets, has posted profit growth of more than 30 percent every quarter for the last decade.
Net profit rose to 18.4 billion rupees ($310.7 million) in the quarter ended June from about 14.17 billion rupees a year earlier. Net interest income grew nearly 21 percent to 44.16 billion rupees.
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