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HDFC Q3 net profit plunges 60%, misses estimates

Jan 29, 2019 19:38 IST

The HDFC Bank has announced its third-quarter results. The bank's net profit plunged 60 per cent year on year to 2,114 crore rupees against 5,300 crore rupees reported in the corresponding quarter last fiscal year. India’s largest mortgage lender's total income rose 20 per cent year on year 10,450 crore rupees. HDFC's loan book stood at 3.86 lakh crore rupees and individual loans constituted 74 per cent of the total loan book.

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