Mumbai, Jan 15 (Inditop.com) The country’s second largest private lender HDFC Bank Friday reported a 31.6 percent rise in net profits for the quarter ended Dec 31 to Rs.818.5 crore from Rs.621.7 crore it made in the like month last year.
The company’s total income, however, saw a fall of 10.6 percent to Rs.4,887.8 crore in the third quarter from Rs.5,407.8 crore in the previous corresponding period last fiscal.
On the other hand, net interest income, driven by asset growth and a core net interest margin of over 4.3 percent, increased 12.4 percent to Rs.2,223.9 crore.
Non-performing assets of the bank also saw a decline of 1.6 percent, against 1.9 percent in the last quarter of 2008-09, and 1.8 percent for the second quarter of the current fiscal.
