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HDFC Bank estimates 21% growth in Q4 profit
Highlights
The country\'s second largest private sector lender, HDFC Bank has estimated to show a 20.6 percent growth in January-March quarter profit at Rs 3,385.4 crore compared to Rs. 2,806.9 crore in the previous fiscal.
​New Delhi: The country's second largest private sector lender, HDFC Bank has estimated to show a 20.6 percent growth in January-March quarter profit at Rs 3,385.4 crore compared to Rs. 2,806.9 crore in the previous fiscal.
Net interest income, the difference between interest earned and interest expended, may grow 19.3 percent to Rs. 7,173.3 crore during the quarter against Rs. 6,013.2 crore in corresponding quarter of last fiscal.
Analysts say loan growth may be driven by retail growth, adding asset quality may remain stable. They see improvement in fee income growth and slight pressure on net interest margin.
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