MUMBAI, India (AP) _ HDFC Bank Ltd. (HDB) on Monday reported net income of $882.3 million in its fiscal first quarter.
The bank, based in Mumbai, India, said it had earnings of 48 cents per share.
The financial services provider posted revenue of $4.57 billion in the period. Its revenue net of interest expense was $2.62 billion, which topped Street forecasts.
HDFC Bank shares have decreased 25% since the beginning of the year. The stock has declined 26% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HDB at https://www.zacks.com/ap/HDB
Automated Insights, source Associated Press News