HDFC Bank posts profit growth higher than forecasts

A private security guard moves past a signboard of a HDFC Bank automated teller machine (ATM) in New Delhi, India, October 20, 2016. REUTERS/Adnan Abidi

MUMBAI: HDFC Bank Ltd, India’s largest private sector lender, has posted a forecast-beating quarterly profit, driven by higher interest income.

Net income grew about 7% from a year earlier to 176.2 billion rupees or about US$2.1bil in the three months ended March, according to a statement last Saturday.