HDFC Bank profit rises 30 percent

Mumbai, April 23 (IANS) HDFC Bank Tuesday said its net profit increased 30 percent to over Rs.1,889 crore in quarter ended March 31 year-on-year, on the back of higher loan growth.

The bank has posted a net profit of Rs.1,889.84 crore for the fourth quarter of 2012-13 as compared to Rs.1,453.08 crore recorded in the corresponding quarter of previous year, registering an increase of 30.05 percent, HDFC Bank said in a statement.

HDFC Bank’s total income increased to Rs.11,127.54 crore for the quarter ended March 31, 2013, as compared to Rs.9,189.93 crore in the corresponding quarter of previous year.

For the whole financial year 2012-13, the bank has posted a net profit of Rs.6,726.28 crore as compared to Rs.5,167.07 crore recorded in the previous year.

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