The bank reported a net profit of 22.98 billion Indian rupees ($276.5 million) for the quarter ended Dec. 31, up 17.3% rise from a year ago.

Analysts had expected a profit of 22.78 billion rupees, as per LSEG data.

($1 = 83.1090 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru; Editing by Varun H K)