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of <h1>HDFC Bank's Q3 Net Profit Rises 2.3% to Rs 17,657 Crore Amid Slower Loan Growth and Stable Asset Quality.</h1> HDFC Bank reported a 2.3% increase in its consolidated net profit to Rs 17,657 crore for the October-December quarter, driven by slower loan growth. Standalone net profit was Rs 16,735.50 crore, with total income rising to Rs 87,460 crore. The bank's core net interest income grew by 7.7%, while non-interest income increased by 2.8%. The bank is deliberately slowing loan growth to strengthen its balance sheet and aims to reduce its credit-deposit ratio. Asset quality remained stable, with a slight rise in gross non-performing assets. The bank's capital adequacy was over 20%, and its shares rose by 1.42%.
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