HDFC Bank Q3 net profits surge 25% to Rs 2336 crores

Business

oi-Sunil

By Sunil Fernandes

Updated: Friday, January 17, 2014, 14:14 [IST]

Net profits of private sector banking lender, HDFC Bank rose to Rs 2336 crores for the period ending Dec 31, 2013, a jump of 25.1 per cent over the quarter ending Dec 31, 2012.

Net interest income at the bank rose to Rs 4634.8 crores, as compared to Rs 3981 crores in the corresponding period of last year.

Gross non performing assets as on Dec 31, 2013 were placed at 1 per cent, as against 1 per cent as on Dec 31, 2012. This was much better than what analyst had predicted.

The bank's capital adequacy ratio was placed at 14.1 per cent, as against a requirement of 9 per cent.

Advances as on Dec 31, 2013 was Rs 296,742 crores.

The shares of the bank were marginally lower by 0.58 per cent on the National Stock Exchange at Rs 659.

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