Mumbai: Private-sector lender HDFC Bank Ltd posted a 30.64% rise in net profit to Rs1,417.39 crore in the quarter ended 30 June from the year earlier.
Net interest income rose 22.33% to Rs3,484.05 crore while gross non-performing assets (NPAs) declined to 0.97% from 1.02% as a percentage of total loans, the bank said in a statement.Loans grew 21.5% and the net interest margin, or the difference between what a bank charges for loans and pays for funds, stood at 4.3%, the bank said.
dinesh.n@livemint.com
