Saturday, April 24, 2010

HDFC Bank Q4 net jumps 32 pc; declares dividend of Rs 12/share

HDFC Bank announced today that 32.61 million one hundred jump profits last quarter of RS 836.62 crore the back of strong loan growth.
disbursals higher interest income helped the bank grow by 27 percent during the quarter, "said HDFC Bank Executive Director Paresh Sukthankar.
During the quarter, net revenue (net interest income and other income) were Rs 3254.9 crore compared to R 2966.7 crore during the same quarter a year ago, he said.
Net interest income (interest income less interest consumed) rose from Rs 2351.4 crore, up 27 percent over last year's corresponding quarter a year ago, "he added.
Overall, in 2009-10, the bank posted net profit of Rs 2948.69 crore, an increase of 31.34 per cent discs 2244.95 crore last year.
During the fourth quarter, HDFC Bank has collected interest income of Rs 2351.4 crore, up 27 percent over the previous corresponding period.

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