HDFC Bank Q4 net rises 20% at Rs 3374 cr, NII jumps 24%
HDFC Bank has reported good January-March quarter results with net interest income (NII) growth surprise on higher side. The private lender's net profit rose 20.2 percent at Rs 3374.2 crore in fourth quarter of FY16 compared to Rs 2806.9 crore in corresponding quarter last fiscal. During the quarter, its NII or difference between interest earned and interest expended grew 24 percent at Rs 7453.3 crore from Rs 6013.2 crore in year-ago period, led by strong credit growth and stable margins of 4.3 percent.
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