HDFC Bank’s Q1 net profit surges 30% on improved asset quality, higher core income
Profit climbed to ₹11,951.7 crore, beating estimates of ₹11,375.1 crore drawn from analysts polled by Bloomberg. The bank, which merged with its mortgage-lending parent HDFC from July 1, had posted profits of ₹9,196 crore in the same period last year. ETIG data showed that the bank had last posted a 30% profit growth in December 2019.
