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HDFC Bank reported second-quarter profit growth of 4.7%, narrowly missing analyst expectations, as weaker treasury income and higher bad-loan provisions offset strong lending growth. The bank also said Deputy Managing Director Bharucha will step down.
(Changes headlines, adds details about deputy managing director Kaizad Bharucha stepping down) By Ashwin Manikandan MUMBAI, Oct 17 (Reuters) — India's largest private-sector lender, HDFC Bank, reported a second-quarter profit on Saturday that narrowly missed analyst expectations, as weaker treasury income and higher pr