New Delhi, April 24 (Inditop.com) India’s second largest private bank, HDFC Bank, Saturday reported a 31.3 percent growth in net profit at Rs.2,948.7 crore in fiscal 2009-10 and a 13.8 percent rise in net revenue at Rs.12,194.2 crore.
“This was driven by loan growth and a core net interest margin of 4.4 percent for the quarter,” the bank said in a regulatory filing.
In 2009-10, the gross non-performing assets ratio came down to 1.43 percent of the gross advances, compared to 1.98 percent in the previous fiscal.
“Savings account deposits grew 42.9 percent over the previous year to reach Rs.49,877 crore, while current account deposits at Rs.37,227 crore registered a growth of 30.9 percent over the same period (2009-10),” said the statement.
The bank’s capital adequacy ratio as on March 31 stood at 17.4 percent as against 15.7 percent in 2008-09, while the regulatory requirement is 9 percent.
For the fourth quarter of 2009-10, net profit of the lender grew 32.6 crore to Rs.836.6 crore, while net interest income rose 27 percent to Rs.2,351.4 crore.
The company has declared a dividend of Rs.12 per share.
The HDFC Bank scrip ended Friday at Rs.1,944.35, down 2.1 percent from its 52-week high of Rs.1,986 on March 29.
