HDFC Bank Q4 net jumps 32%; declares dividend of Rs 12/share
Private sector lender HDFC Bank on Saturday reported a 32.61 per cent jump in its fourth quarter net profit at Rs 836.62 crore.
However, the bank's total income fell to Rs 4,956.66 crore in the January-March quarter of the last fiscal from Rs 5,365.52 crore in the year-ago period, HDFC Bank said in a statement to the Bombay Stock Exchange (BSE).
The board of HDFC Bank proposed a dividend a of Rs 12 per share for the year ended March 31, 2010.
Overall, in the financial year 2009-10, the bank posted a net profit of Rs 2,948.69 crore, representing an increase of 31.34 per cent from Rs 2,244.95 crore in the previous year.
During the fourth quarter, HDFC Bank earned a net interest income of Rs 2,351.4 crore, up 27 per cent over the year-ago period.