INSUBCONTINENT EXCLUSIVE:
Analysts had on average expected a net profit of Rs 4,766 crore for the bank.Mumbai: HDFC Bank Ltd posted a 18.2 per cent rise in
first-quarter profit on Saturday on higher interest and fee income, though it missed analysts' estimates
Net profit rose to Rs 4,601 crore ($669.43 million) for the quarter ended June 30, from Rs 3,894 crore a year ago, India's second-biggest
lender by assets said in a statement.Analysts had on average expected a net profit of Rs 4,766 crore for the bank that has the highest
market capitalisation in the sector at nearly $85 billion, according to Thomson Reuters data.Gross bad loans as a percentage of total loans
