India's second largest private sector lender HDFC Bank met analysts' expectations on Tuesday with second quarter profit rising 20.4 percent year-on-year to Rs 3,455.3 crore. Net interest income, other income, operating profit and lower provisions boosted profitability.
Net interest income, the difference between interest earned and interest expended, grew by 19.6 percent YoY to Rs 7,993 crore in July-September quarter.
Profit was estimated at Rs 3,443 crore and net interest income at Rs 8,214.8 crore for the quarter.
