HDFC Bank reports net profit of Rs 2,233 crore, up 21.1% YoY; below estimates

MUMBAI: HDFC Bank Ltd , second-biggest private sector lender by assets, reported its slowest quarterly earnings growth in more than a decade on higher-than-expected provisions. 

The Mumbai-based bank said net profit rose 21 per cent to Rs 2,233 crore ($371 million) for its fiscal first quarter to end-June from Rs 1,844 crore a year earlier.