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The second largest private sector lender by assets of the country HDFC Bank Ltd has posted a 20 percent increase in the quarterly profit on higher interest and fee income.
The bank has said in a statement that the net profit was Rs 32.39 billion ($482 million) for its fiscal first quarter to June 30 as against Rs 26.96 billion a year earlier.
The gross bad loans as a percentage of total loans increased to 1.04 percent as of June 30, from 0.94 percent as of end-March.
