NEW DELHI, April 22 HDFC Bank Ltd,
India's third-biggest lender by assets, said its quarterly net
profit grew at the slowest pace in a more than a decade,
slightly lagging estimates, as a weaker economy led to a
slowdown in lending.
The Mumbai-based bank said net profit rose 23 percent to
23.27 billion rupees ($384.79 million) for its fiscal fourth
quarter to March from 18.9 billion rupees in the same year-ago
period. Analysts had on average forecast a net profit of 23.91
billion rupees, according to Thomson Reuters data.
Net interest income, the difference between interest earned
and paid out, rose 15.3 percent to 49.53 billion rupees in the
three months to March, HDFC Bank said on Tuesday.
($1 = 60.4750 Indian Rupees)
(Reporting by Devidutta Tripathy; Editing by Miral Fahmy)