HDFC Bank beats street, posts 21% hike in profit

HDFC Bank Ltd has posted a net profit of Rs 2806.9 crore for the qurater ended March 31, 2015, up by 20.6% over the same period in the year previous to last.Its total income for
hdfc bank beats street posts 21 hike in profit -...
India TV Business Desk April 23, 2015 16:27 IST

HDFC Bank Ltd has posted a net profit of Rs 2806.9 crore for the qurater ended March 31, 2015, up by 20.6% over the same period in the year previous to last.

Its total income for the given quarter stood at Rs 15,570.1 crore, an increase of 21.7% as against Rs 12,790 crore for the March quarter of 2014. Net revenues, too, saw a 23.3% jump, at Rs 8576.9 crore.

HDFC Bank said that its net interest income for the March quarter grew by 21.4% to Rs 6013.2 crore.

Net interest margin (NIM), grew at a healthy 4.4%.

Other income (non-interest revenue) at Rs  2,563.8 crores was 29.9% of the net revenues for the quarter ended March 31, 2015 and grew by 28.1 % over Rs  2,001.4 crores in the corresponding quarter ended March 31,2014. The cost-to-income ratio for the quarter was at 44.9% as against 45.7% for the corresponding quarter ended March 31,2014.

The Bank said that its total deposits as on March 31, 2015 stood at Rs 4,50,796 crore, an increase of 22.7% over the same period of last year.

 
 
 
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