HDFC Bank on Saturday reported a net profit of ₹ 7,513.11 crores in the quarter ended September 30, marking an increase of 18.41 percent compared to the corresponding period a year ago. The slowdown caused by the coronavirus pandemic may lead to a rise in the number of customer defaults and, consequently, an increase in provisions, the country’s largest lender by market capitalization said in a regulatory filing.
Reported on – 18-October-2020
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