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Business & Finance

India’s HDFC Bank beats quarterly profit estimates on strong loan growth

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By Reuters
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MUMBAI: Indian private lender HDFC Bank reported a higher-than-expected profit for the second quarter on Saturday, as a pick up in loan growth helped earnings.

The country’s largest private lender by market capitalisation posted a standalone net profit of 186.4 billion Indian rupees ($2.12 billion) for the three months ended September, compared with 168.21 billion rupees a year earlier.

India’s HDFC Life posts quarterly profit rise on retail insurance demand

Analysts had expected a profit of 177.18 billion rupees, according to data compiled by LSEG.

India HDFC Bank

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