HDFC Bank jumps 32percent Q4
HDFC Bank reported a 32.61 kobe hyperdunk % jump in its fourth quarter net profit at Rs 836.62 crore on the back of strong loan growth.
Higher loan disbursals helped the bank's interest income to grow by 27 % during the quarter, said Executive Director Paresh Sukthankar HDFC Bank.
During the quarter, the net revenues (net interest income plus other income) were Rs 3,254.9 crore compared to Rs 2,966.7 crore in the same quarter a year ago, he said.
Net interest income (interest earned less interest expended) rose to Rs 2,351.4 crore, up by 27 % over the same quarter a year ago, he added.
However, the bank's total income fell to Rs 4,956.66 crore in the January-March quarter of the last fiscal from Rs 5,365.52 crore in the year-ago period.
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The board of HDFC Bank proposed a dividend of Rs 12 per share for the year ended March 31, 2010.
During the quarter, other income (non-interest revenue) was Rs 903.6 crore. The main contributor to other income for the quarter was fees and commissions of Rs 765.3 crore, up by 5.7 % over Rs 723.7 crore in the preceding quarter.
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