HDFC-Said-It-Expects-A-Credit-Growth-Of-25-Per-Cen46

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HDFC-Said-It-Expects-A-Credit-Growth-Of-25-Per-Cen46

  1. 1. HDFC said it expects a credit growth of 25 per cent in the current fiscal.sgloanbook
  2. 2. "We would end the year by at least growth of 22-25 per cent," managingdirector Renu Sud Karnad told PTI During 2009-10, the mortgage lenderapproved worth Rs 60,611 crore There is a pent up demand in housingsector, she said, adding, "it is true that at some locations property prices havefirmed up, which is a cause of concern
  3. 3. " For the first quarter ended June 30, 2010, HDFC posted a 23 per cent jumpin its net profit at Rs 694 59 crore compared to Rs 564 92 crore in the samequarter a year ago
  4. 4. Total income, however, declined to Rs 2,802 crore in the reporting period fromRs 2,849 crore compared to same period in the previous fiscal During theJune quarter, the companys loan-book crossed the Rs sgloanbook 1lakh-crore mark to Rs 1,01,625 crore, from Rs 87,046 crore in thecorresponding period last year Earlier this month, HDFC extended its 8
  5. 5. 25 per cent teaser rate home loans till the end of August to take on rival in thesegment During the June quarter, total assets of HDFC grew by 19 per cent toRs 1 16 lakh crore and deposits rose 21 per cent to 23,906 crore
  6. 6. For 2009-10, the mortgage lender clocked a 24 per cent jump in net profit atRs 2,826 49-crore against Rs 2,282
  7. 7. 54 crore in the year-ago period The lenders loan-book stood at Rs97,967-crore in FY 10 as against Rs 85,198-crore in the year-ago period, up15 per cent
  8. 8. For the first quarter ended June 30, 2010, HDFC posted a 23 per cent jump inits net profit at Rs 694 59 crore compared to Rs 564
  9. 9. 92 crore in the same quarter a year ago Total income, however, declined toRs 2,802 crore in the reporting period from Rs 2,849 crore compared to sameperiod in the previous fiscal
  10. 10. During the June quarter, the companys loan-book crossed the Rs 1 lakh-croremark to Rs 1,01,625 crore, from Rs 87,046 crore in the corresponding periodlast year
  11. 11. sgloanbook

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