HDFC Bank Q3 net up 30% on higher lending, interest income
Upcoming SlideShare
Loading in...5
×
 

HDFC Bank Q3 net up 30% on higher lending, interest income

on

  • 175 views

 

Statistics

Views

Total Views
175
Views on SlideShare
173
Embed Views
2

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 2

http://www.hdfcbank.com 2

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

HDFC Bank Q3 net up 30% on higher lending, interest income HDFC Bank Q3 net up 30% on higher lending, interest income Presentation Transcript

  •       powered by bluebytes     Saturday , January 19, 2013   HDFC Bank Q3 net up 30% on higher lending, interest income    Publication: The Hindu Business Line , Agency:Bureau    Edition:Pune/Delhi/Hyderabad/Mumbai/Kolkata , Page No: 6, Location: Top­Center , Size(sq.cms): 308     HDFC Bank Q3 net up 30% on  higher lending, interest income   Expect retail loans to outpace wholesale portfolio for next couple of quarters: ED Our Bureau  Mumbai,Jan.l8 Higher loan growth and in­ terest income helped HDFC  Bank report a 30 per cent in­ crease in net profit at Rs 1,859  crorc in the third quarter end­ ed December 31,2012.  The second largest private  sector lender had posted a  net profit of Rs 1,430 crore in  the year­ago period.  Net interest income (differ­ ence between interest earned  and interest expended) grew  by 22 per cent to Rs 3,799  crorc as compared with Rs  3,116 crorc in Q3 FY12. 'Other  income' during the quarter  rose by 27 per cent to Rs  1,799 crore (from Rs 1,420  crore in Q3 FY12)  predominantly due to fees  and commissions.  Net advances as on  December 31, 2012, stood at  Rs 2.41­lakh crore, a year­on­ year (y­        Paresh Sukthankar, Executive  Director, HDFC  Bank.  o­y) increase of 24 per cent.  The proportion of retail loans  and wholesale loans in total  loans was at 53 per cent and  47 per cent, respectively.  Total  deposits grew by 22 per cent  to Rs 2.84­lakh crore.  "We expect the retail book  to outpace the wholesale  portfolio for the next couple  of quarters," said Paresh Suk­ thankar, Executive Director,  HDFC Bank.  Net interest margin in the  quarter remained stable at 4.1  per cent compared with the  corresponding quarter last  year, while it declined from  4 . 2  p e r   c e n t   i n   t h e   previous quarter.  Provisions during the quar­ ter were lower at Rs 307 crore  against Rs 329 crore in the  year­ago period. Sequentially,  it increased from Rs 292 crore  i n   t h e   J u n e­September  quarter.  Total restructured loans  stood at Rs 685 crore as on  December 31,2012.  It stood at 0.28 per cent,  against 0.37 per cent in the  year­ago quarter.  Shares of HDFC Bank end­ ed lower at Rs 659 per share  on the Bombay Stock  Exchange, down 1.18 per cent  over the previous close.  Beena.parmar@ thehindu.co.in