The bank also said its board had approved raising up to 500 billion rupees by issuing debt over the next 12 months.
The company had reported a net profit of Rs 2,257 crore in the January-March quarter of the previous fiscal.
India’s HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees (USD 848 million) on Saturday, meeting market expectations as the country’s biggest lender by market value raked in higher interest and fee income.
The bank also said its board had approved raising up to 500 billion rupees by issuing debt over the next 12 months.
Net profit rose 22.6 per cent in the fourth quarter through March from 47.99 billion rupees a year ago. Analysts were looking for a profit of 58.46 billion rupees, according to IBES data from Refinitiv.
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