HDFC Bank has reported a 20 per cent growth in net profit in October-December quarter to Rs 2,794.5 crore. The increase in profit came on the back of a higher other income and net interest income. The profit was higher than Street estimates. Bloomberg had pegged net profit at Rs 2,770 crore. “The increase in provision seems to be much higher because in the third quarter of last year there was a reversal of provision of Rs 320 crore in Q3FY14. So, if you add that amount, then the increase is not much,” said Paresh Sukthankar, deputy managing director, HDFC Bank. Bank’s total capital adequacy ratio at the end of the December quarter as per Basel- III norms was 15.7 per cent.