India’s HDFC Bank’s Q4 profit up 22.6 pct to record high

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April 20 (Reuters) – India’s HDFC Bank Ltd reported a slightly better-than-expected fourth-quarter profit of a record 58.85 billion rupees on Saturday, as the country’s biggest lender by market value raked in a higher interest and fee income.

Net profit at the bank rose 22.6 percent for the three months to March 31, from 47.99 billion rupees a year ago, it said in a statement.

Analysts were looking for a profit of 58.46 billion rupees, according to IBES data from Refinitiv. (Reporting by Chris Thomas in Bengaluru; Writing by Swati Bhat; Editing by Himani Sarkar)

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