HDFC Bank reports higher net profits; to pay Rs 4.30/share dividend

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, April 19, 2012, 16:19 [IST]

HDFC Bank has reported a net profit of Rs 1453 crores for the quarter ending March 31, 2012, against Rs 1429.66 reported in the third quarter of 2011-2012. The Bank is to pay a dividend of Rs 4.30 per share.

The capital adequacy ratio of the Bank has come in at 16.5%, while the gross NPA has come in at 1.02%. The Bank has reported a net interest income of Rs 3390 crores for the fourth quarter.

HDFC Bank's results have come in line with expectations. The Bank is amongst the better managed banks in the country, which has been consistently positing spectacular results quarter on quarter.

The asset quality also continues to be sound, as witnessed by the low level of non performing assets of the Bank. The shares of HDFC Bank was marginally up by 1.55% on the BSE.

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