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HDFC Bank has posted 18% rise for Q4

On Friday, the second largest private sector sender of the country, HDFC Bank, has posted increase in profit 18.2 percent year-on-year to Rs 3,990 crore in the quarter ended March 2017.

The non-interest income, operating profit and better-than-expected net interest income has boosted the earnings whereas sharp hike in provisions has limited the growth.

The net interest income has been increased higher than expected 21.5 percent to Rs 9,055 crore as compared with Rs 7,453.3 crore posted in corresponding quarter of last fiscal.

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