19 Jan 2018 12:54 IST

HDFC Bank Q3 net jumps 20% on higher interest, fee income

Net profit rose to ₹4,643 crore

HDFC Bank Ltd, the second-biggest lender by assets, on Friday reported a record-high quarterly profit, helped by an increase in interest and fee incomes.

Net profit rose 20 per cent to ₹4,643 crore ($728.40 million) for the third quarter ended December 31, from ₹3,865 crore a year ago. The latest quarterly profit was the highest ever for HDFC Bank, the country's largest private-sector lender.

Analysts on average had expected a net profit of ₹4,631 crore, Thomson Reuters Eikon data showed. Gross bad loans as a percentage of total loans stood at 1.29 per cent at end-December, versus 1.26 per cent at end-September.