HDFC Bank Q1 Net Profit Results Announced
HDFC Bank, India’s second largest private lender, on Tuesday, announced its Q1 net profit for 2009-2010 which is up by 31% to reach Rs. 606 crore. The Q1 net profit in 2008-09 fiscal was Rs. 464.35 crore.
The bank's net income for the period under review grew 21.86% to Rs.5,136.75 crore from Rs.4,215.15 crore.
Total deposits increased more than 11% to Rs.145,732 crore in the first quarter from Rs.130,918 crore in the quarter ended June 30, 2008.
Of the total deposits, savings deposits accounted for Rs.38,489 crore, while current account deposits stood at Rs.27,026 crore.