The state-owned HDFC Bank group interest income fell 39 percent to 452 million rupees, while interest expenses went up 17 percent to 347.3 million, resulting in net interest income of 104.5 million rupees, down 67.5 percent.
The group made a profit of 82 cents per share, while in the same quarter last year it made 21.15 rupees per share.
Non-interest income rose 22.8 percent to 9.5 million rupees, while non-interest expenses were up 15.6 percent to 111.5 million rupees.
In the June quarter the group had a loan loss provision reversal of 24.7 million rupees, while in the same quarter last year it had a provided 19 million rupees.
HDFC's financial VAT (value added Tax) costs fell 68 percent to 17 million rupees, while corporate taxes had also come down 93.6 percent to 10.2 million rupees, its accounts showed.
HDFC's performing loans which are made up of housing loans rose 1.6 percent to 9.59 billion rupee