HDFC Bank net profit rises 32 percent
January 15th, 2010 - 3:31 pm ICT by IANS ( 1 comment )Mumbai, Jan 15 (IANS) The country’s second largest private lender HDFC Bank Friday reported a 31.6 percent rise in net profits for the quarter ended Dec 31 to Rs.818.5 crore from Rs.621.7 crore it made in the like month last year.
The company’s total income, however, saw a fall of 10.6 percent to Rs.4,887.8 crore in the third quarter from Rs.5,407.8 crore in the previous corresponding period last fiscal.
On the other hand, net interest income, driven by asset growth and a core net interest margin of over 4.3 percent, increased 12.4 percent to Rs.2,223.9 crore.
Non-performing assets of the bank also saw a decline of 1.6 percent, against 1.9 percent in the last quarter of 2008-09, and 1.8 percent for the second quarter of the current fiscal.
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Tags: asset growth, crore, decline, hdfc bank, interest income, interest margin, last quarter, net interest, net profit, net profits, non performing assets, private lender, rs 2, second quarter
February 4th, 2010 at 4:25 pm
I have worst experience about HDFC bank. It is the worst bank I have ever seen.
Be careful before investing in this bank ……
I did a investment with them till four year they took all the year payment it was young star linking with life insurance scheme for my son but on fifth year them send me half the amount what i have invested and aletter which state that it is closed