This is on higher interest and fee income although its bad loans rose. Net profit was Rs 32.39 bn for its fiscal first quarter to June 30, compared with Rs 26.96 bn a year earlier. Analysts on average had expected a net profit of Rs 32.52 bn. Gross bad loans as a percentage of total loans rose to 1.04% as of June 30, from 0.94% as of end-March.

HDFC Bank reports a 20% rise in quarterly profit

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