HDFC Bank Q1 Report: HDFC Bank Q1 net jumps 31%

HDFC Bank, one of the leading private sector lender in India, has reported a 31 per cent growth in net profit at Rs 1,417 crore in the June quarter on strong loan and fee income growth. The Bank had reported a net profit of Rs 1,085 crore in the year-ago period.

During the first quarter, Net Interest Income (interest earned less interest expended) rose by 22 per cent to Rs 3,484 crore. Non-interest income — arising from higher fees and commissions, foreign exchange and derivatives income — grew by 37 per cent to Rs 1529.50 crore.

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