HDFC profit up 31% to $660.92mln

Net interest income for the quarter soared 27% driven by loan growth.

HDFC Bank Ltd, India's top housing loan provider, on Monday reported a net profit of Rs2,948.7 crore ($660.92 million) for the financial year ended 31 March 2010, up 31.3 percent over the year ended 31 March 2009.

Consolidated net profit of the bank increased 33.6 percent to Rs 3,003.7 crore ($673.25 million) for the year ended 31 March 2010.

The bank earned a total income of Rs19,980.5 crore ($4.48 billion) during the year ended 31 March 2010. Net revenues (net interest income plus other income) for the year ended 31 March 2010 were Rs12,194.2 crore ($2.73 billion), up 13.8 percent from over Rs 10,711.8 crore ($2.4 billion) in the year ended 31 March 2009.

HDFC board recommended a dividend of Rs36 ($0.81) per equity share of Rs10 ($0.22) each for the financial year 2009-10 (previous year: Rs30 [$0.67] per equity share).

View the full story in Domain-B.

Follow the link for more news on

Also Read

Digitalisation amplifies data and liquidity risks

Vietnam’s PVComBank launches mobile banking services on AWS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit