Net profit increases 18%, meets estimates

HDFC Bank Ltd.’s net profit increased in the third quarter due to higher total income and lower provisions. India’s largest lender in the private sector saw its net earnings increase 18% compared to the previous year to 10,342 billion. Rs in the three months ending December, according to its exchange filing. That compares with the consensus estimate of Rs 10,136 crs from analysts followed by Bloomberg. Its net interest income, or core income, increased 13% year-on-year to …

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