HDFC Bank, one of the leading private sector lenders, on Monday reported growth of 21.11% in its net profit for the first quarter of fiscal year 2015.

The bank earned a profit of Rs 22.33 billion for the quarter ended Jun. 30, 2014. Analysts on average had predicted net profit of Rs 23.45 billion.

The bank's quarterly income totaled at Rs 130.71 billion, an increase of 12.79% over Rs 115.87 billion in the same period a year ago.

Net interest margin for the quarter was at 4.4% as against 4.6% for the corresponding quarter ended Jun. 30, 2013.

Advances as of Jun. 30, 2014 were Rs 3121.09 billion, an increase of 20.7% over Jun. 30, 2013.

Total deposits as of Jun. 30, 2014 were Rs 3720.74 billion, an increase of 22.7% over the same period last year.

Savings account deposits grew 18% over the previous year to reach Rs 543.48 billion. CASA deposits were 43% of total deposits as on Jun. 30, 2014.

Capital Adequacy Ratio of the bank, under Basel III was at 15.1% as on Jun. 30, 2014.

Shares of the bank gained Rs 7.3, or 0.88%, to trade at Rs 839.75. The total volume of shares traded was 211,133 at the BSE (11.17 a.m., Monday).