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HDFC Bank Net Profit Up 31.48 Percent
Thursday, 20 October 2011, 00:07 IST
Mumbai: The country's second largest private lender, HDFC Bank, reported a 31.48 percent increase in net profit at 
1,199.35 crore in the second quarter ended Sep 30, compared to 912.14 crore in the like period of the last financial.
The bank's total income increased by 37.40 percent at 7,929.38 crore in the quarter from 5,770.70 crore in the corresponding quarter of the last fiscal.
The net interest income in the second quarter grew by 16.6 percent at 2,944.5 crore with a net interest margin of 4.1 percent.
HDFC Bank's other income rose by 26.1 percent in the quarter ended Sep 30 at 1,211.68 crore from 960.71 crore in the like period of 2010-11.
The bank's gross non-performing assets declined by one percent against 1.16 percent in the second quarter of 2010-11.
Net non-performing assets were lower at 0.2 percent of net advances in the July-September quarter, as against 0.3 percent in the previous corresponding quarter.
The current account, savings account (CASA) stood at 47.3 percent.
For the half year, the bank reported an increase of 32.51 percent in its net profit which stood at 2,284.33 crore as compared to 1,723.85 crore in the like period of 2010-11.
The bank said that its total income in the half year period went up by 34.39 percent at 15,027.4 crore as against 11,181.3 crore in the like period of last fiscal.
The company's scrip at the Bombay Stock Exchange closed 2.81 percent up at 490.20 from Tuesday's close of 476.80.
Source: IANS
1,199.35 crore in the second quarter ended Sep 30, compared to 912.14 crore in the like period of the last financial.
The bank's total income increased by 37.40 percent at 7,929.38 crore in the quarter from 5,770.70 crore in the corresponding quarter of the last fiscal.
The net interest income in the second quarter grew by 16.6 percent at 2,944.5 crore with a net interest margin of 4.1 percent.
HDFC Bank's other income rose by 26.1 percent in the quarter ended Sep 30 at 1,211.68 crore from 960.71 crore in the like period of 2010-11.
The bank's gross non-performing assets declined by one percent against 1.16 percent in the second quarter of 2010-11.
Net non-performing assets were lower at 0.2 percent of net advances in the July-September quarter, as against 0.3 percent in the previous corresponding quarter.
The current account, savings account (CASA) stood at 47.3 percent.
For the half year, the bank reported an increase of 32.51 percent in its net profit which stood at 2,284.33 crore as compared to 1,723.85 crore in the like period of 2010-11.
The bank said that its total income in the half year period went up by 34.39 percent at 15,027.4 crore as against 11,181.3 crore in the like period of last fiscal.
The company's scrip at the Bombay Stock Exchange closed 2.81 percent up at 490.20 from Tuesday's close of 476.80.
Source: IANS