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India's HDB Financial Services posts quarterly profit rise on steady loan demand

India's HDB Financial Services posts quarterly profit rise on steady loan demand

- Indian non-bank lender HDB Financial Services HDBF.NS posted a higher first-quarter profit on Wednesday, supported by healthy loan demand.

Net profit rose about 48% to 7.85 billion rupees ($81.55 million) for the quarter ended June 30, from 5.31 billion rupees a year earlier.


($1 = 96.2550 Indian rupees)


(Reporting by Nishit Navin and Surbhi Misra in Bengaluru)

((Nishit.Navin@thomsonreuters.com;))

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