India's largest private sector bank's net profit rose 33 percent year-on-year (YoY) to Rs 16,372 crore in Q3FY24, which was near expectations; but it included a one-time tax rate gain. HDFC Bank's net interest income (NII) grew 24 percent on-year to Rs 28,470 crore during the quarter, falling below street estimates. On the other hand, provisions rose as much as much 50 percent to Rs 4,216 crore.