The country’s biggest private lender has recorded a 14% increase in net profit at Rs 2,889 crore in the third quarter ending December 2014. It was Rs 2,532 crore in the same period a year ago.
Net interest income (interest earned minus interest expended) grew 13% at Rs 4,811 crore against Rs 4,254 crore in the corresponding quarter of previous year.
The bank’s provisioning for bad loans increased by 41% at Rs 980 crore against Rs 695 crore in year ago quarter.
The stock opened at Rs 381 and touched a low of Rs 355 on NSE. A combined 24.32 million shares changed hands on the counter till 1445 hours on NSE and BSE.