HDFC Bank, a leading private sector lender, today reported a growth of 20.23% in net profit for the first quarter of fiscal year 2017. During the quarter, the net profit rose to Rs 38.93 billion as compared to Rs 32.38 billion in the same period last year.

Total income grew 14.82% to Rs 221.85 billion over Rs 193.22 billion in the same period a year ago.

Provisions and contingencies for the quarter ended June 30, 2017 were Rs 15.58 billion as against Rs 8.66 billion.

Net interest income (interest earned less interest expended) for the quarter ended June 30, 2017 grew by 20.4% to Rs 93.70 billion from Rs 77.81 billion for the quarter ended June 30, 2016, driven by average loan growth of 20.7% and a core net interest margin for the quarter of 4.4%.

Shares of the bank gained Rs 21.65, or 1.27%, to trade at Rs 1,725.00. The total volume of shares traded was 193,523 at the BSE (1.26 p.m., Monday).