MUMBAI (Reuters) – Indian private sector lender HDFC Bank on Tuesday posted a standalone net profit of 163.73 billion rupees ($1.97 billion) for the third-quarter ended Dec 31.
The bank’s standalone net profit, excluding its subsidiaries, was at 159.76 billion rupees in the July-September quarter.
This is HDFC Bank’s second earnings report since its merger with parent Housing Development Finance Corp (HDFC) in July. The numbers are not comparable to a year ago when the lender and HDFC operated as separate firms.
($1 = 83.0650 Indian rupees)
(Reporting by Siddhi Nayak; Editing by Janane Venkatraman)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.