Net profit rose to Rs 9.94 billion in the quarter ended September 30, from Rs 8.13 billion a year earlier, the Mumbai-based bank said.
That matched the average analysts' estimate of Rs 9.94 billion, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans stood at 2.47 per cent at end-September, compared with 2.58 per cent a quarter earlier and 2.49 per cent a year earlier.
Net interest income rose 16 per cent to Rs 23.13 billion in the quarter.
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