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HDFC Bank records steady profit growth in Q3
HDFC Bank posted steady Q3 results with moderate profit and NII growth, supported by disciplined lending and stable asset quality amid tight liquidity conditions.
HDFC Bank reported December quarter net profit of ₹18,653 crore, reflecting steady growth despite a challenging credit environment. Net interest income rose 6.4% year on year to ₹32,615 crore, aided by loan expansion and stable margins. Management highlighted controlled asset quality and cautious lending as the bank balanced growth opportunities with prudent risk management amid tight system liquidity conditions across domestic banking markets currently.