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HDFC Bank Posts In-Line Q3 Profit on Higher Net Interest
Hindustan Times East UP
|January 23, 2025
India's HDFC Bank on Wednesday reported third-quarter profit largely in-line with analysts' estimates, helped by an increase in net interest income (NII).
BENGALURU/MUMBAI:
The country's biggest private lender posted a standalone net profit of ₹16,736 crore ($1.94 billion) for the quarter ended December 31, down about 0.5% from the previous quarter.
Analysts, on average, expected a profit of ₹16,748 crore, according to data compiled by LSEG.
The bank's results are not comparable on a year-to-year basis as it merged with its parent HDFC in July 2023.
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