MUMBAI: HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported on Saturday a 20.2 percent increase in quarterly profit, beating estimates.
The Mumbai-based lender said net profit rose to 27.95 billion rupees ($450.33 million) in its fiscal third quarter to Dec. 31, from 23.26 billion rupees a year earlier.
Analysts on average had expected a net profit of 27.8 billion rupees, according to data compiled by Thomson Reuters.
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