HDFC Bank Q3 net up 20 percent as expected, bad loans rise

January 25, 2016 9:02 AM

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HDFC Bank Q3 net up 20 percent as expected, bad loans rise

MUMBAI HDFC Bank Ltd(HDBK.NS), India's second-biggest private sector lender by assets, said its quarterly net profit rose by a fifth, broadly in line with analysts' estimates.

Net profit rose to 33.57 billion rupees ($495 million) for its fiscal third quarter to Dec. 31, from 27.95 billion rupees reported a year earlier, HDFC Bank said in a statement on Monday.

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