HDFC Bank Falls After Profit Mises Estimates On Higher Provisioning

Shares of the country's largest private sector lender - HDFC Bank - fell as much as 3.65 per cent to hit an intraday low of Rs 1,466 on the BSE after its net profit missed analysts' estimates on the first quarter of current financial year on higher provisions for bad loans due to the second wave of Covid-19. HDFC Bank's net profit in April-June period rose 16 per cent to Rs 7,730 crore versus Rs 6,659 crore during the same period las...