Private lender, HDFC Bank reported a net profit of Rs 630.88 crore for the fourth quarter of the financial year 2008-09. The bank managed a rise in its profits despite of the adverse market situations. It had recorded a net profit of Rs 471.11 crore during the same quarter in the fiscal 2007-08.

For the same period, the total income of the bank increased to Rs 5,385.52 crore against Rs 3,505.52 crore, a year ago.

Meanwhile the interest income of HDFC stood at Rs 4,250.83 crore for the last quarter. The interest expenditure of the bank is recorded at Rs 2,398.83 crore.

The net profit of the bank for the entire fiscal has been reported at 2,244.95 crore as compared to the net profit of Rs 1,590.18 crore from the FY 08.

The total income for the fiscal rose to Rs 19,622.88 crore from Rs 12,398.15 crore in the last fiscal.

At the same time the company has also declared 100% dividend for the equity shareholders at the rate of Rs 10.

Although the bank reports a reasonable increase in its profits but it states that the results for the fourth quarter and fiscal are not comparable with that of the year-ago period as Centurion Bank of Punjab had been merged with the bank last year.