NEWS & ADVICE : HOME LOANS
Q4 shows 33% rise in net profits of HDFC Bank
By Joseph Samson
Apr 19, 2011
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Private sector lender, HDFC Bank has booked net profits worth Rs 1,115 crore in the last quarter of the fiscal last ended. The bank has shown a 33% growth in profits on y-o-y basis.

"We expect our credit growth to be few percentages points more than the industry growth in the next financial year," said Paresh Sukthankar, executive director, HDFC Bank.

In the complete FY 2010-11, the net interest margin (NIM) of the bank experienced a 21% growth.

For Q4, the other income amounted to Rs 1256 crore. Other income refers to non interest revenue.


 


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