The private lender's standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.
Analysts were expecting a profit of 23.68 billion rupees, according to Refinitiv IBES data.
($1 = 82.5290 Indian rupees)
(Reporting by Nupur Anand and Rajendra Jadhav; Editing by William Mallard)