Shares of HDFC Bank declined 5% to Rs 780 on the BSE on Monday after India's largest private sector lender reported a mere 5% year-on-year (YoY) rise in standalone net profit for the April-June quarter of FY27.
The bank posted a standalone net profit of Rs 19,060 crore for the quarter, compared with Rs 18,155 crore in the corresponding period last year. Net interest income (NII), which reflects the difference between interest earned and interest paid, increased 7% YoY to Rs 33,534 crore from Rs 31,438 crore a year earlier.
