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Net profit rose to a record 55.86 billion Indian rupees (US$785 million) for the three months to Dec 31, from 46.43 billion rupees a year ago, the bank said.
Asset quality was stable, with gross bad loans as a percentage of total loans at 1.38% by the end of December, compared to 1.33% in the previous quarter and 1.29% in the same period last year.
Loans have grown at a quicker pace at private-sector banks, which have grabbed market share from state-controlled lenders that carry the majority of bad loans in India.
HDFC Bank’s total loans at the end of December were 7.81 trillion rupees (US$110 billion), with retail loans up 24.0%.
Its relatively small exposure to the troubled infrastructure sector, which has forced other banks to make profit-denting provisions, has helped HDFC Bank maintain stable asset quality.
Net interest income climbed 21.9%, while net interest margin was at 4.3% for the quarter.
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