HDFC Bank's Q1 net profit rises 21%
Zee Media Bureau
New Delhi: HDFC Bank, country's second-largest private lender on Monday reported a 21 percent rise in the net profit for the first quarter of 2014-15.
The bank reported a net profit of Rs 2,233 crore for the quarter ending June 30 2014. Net interest income for the first quarter rose 17 percent year-on- year to Rs. 5171.6 crore.
Weaker economic expansion has squeezed credit growth for Indian lenders, slowing their earnings growth in recent quarters.