25 basis points (0.25 per cent), which may be followed up in the next policy review in March.
He also said he does not expect a CRR (cash reserve ratio) cut on January 29.
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HDFC Q3 net profit up 16%, misses forecast
(Reuters): Housing Development Finance Corp (HDFC), India's biggest mortgage lender, reported a 16 percent rise in net profit for the Oct-Dec quarter on Monday, missing market estimates.
Standalone net profit for the fiscal third quarter was 11.4 billion rupees ($211.84 million) compared with 9.81 billion rupees a year ago.
Total income rose 17 percent to 52.42 billion rupees over the same period.
Analysts expected HDFC to post a net profit of 11.96 billion rupees, according to Thomson Reuters.