Shares of the Pune-based lender rose as much as 7%, the most since Feb 01, after it reported a sharp rise in fourth-quarter net profit.
Net profit rose 42% to Rs 1,347 crore in the January-March period from Rs 948 crore a year ago, as per its exchange filing. The reported net profit was lower than the Rs 1,370.5-crore consensus estimate of analysts tracked by Bloomberg.
Net interest income fell 2.4% to Rs 4,569 crore at the end of the March quarter, compared to Rs 4,684 crore a year ago.
