HDFC Bank Q3 results: On tighter credit rein, HDFC Bank profits inch up 2%

Mumbai: HDFC Bank on Wednesday reported a 2% on-year rise in its net profit for the December quarter, at ₹16,736 crore, as it deliberately slowed loan disbursals to prevent its credit-to-deposit (CD) ratio from worsening.

Net profit was slightly ahead of Bloomberg’s consensus estimates that…