Mumbai, Jan. 20 -- Lending major HDFC Bank on Saturday reported a rise of 32.8 per cent in standalone net profit for the quarter ended December 31st, 2019, on a year-on-year basis.
"After providing Rs 2,485.4 crore for taxation, the bank earned a net profit of Rs 7,416.5 crore, an increase of 32.8 per cent over the quarter ended December 31, 2018," the bank said in a statement.
According to the lending major, net interest income for the quarter under review grew to Rs 14,172.9 crore from Rs 12,576.8 crore earned during the corresponding period of the previous fiscal.
"The net interest margin for the quarter remained stable at 4.2 per cent," the lender said in the results statement.
Besides, the bank's provisions and contingencies during...