HDFC Bank Q4 net profit surges 20% to Rs 48 billion; bad loans tick up

HDFC Bank Ltd, the second-biggest Indian lender by assets, on Saturday reported fourth-quarter net profit rose about a fifth to a record, although its bad loans ticked up. Net profit rose 20.3 percent to Rs 47.99 billion ($724.

92 million) in the three months ended March 31, from 39.9 billion rupees a year ago, the bank said. Analysts had on average expected a net profit of Rs 48.43 billion for the most valuable Indian bank with a market capitalisation of about $77 billion, according to data compiled by Thomson Reuters. Gross.....

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