HDFC Bank net up 30 per cent in first quarter

The country's second largest private lender HDFC Bank said its net profit increased by about 31 per cent to Rs 606 crore in the first quarter this fiscal, compared to Rs 464.35 cr in the year-ago period.

The country's second largest private lender HDFC Bank on Tuesday said its net profit increased by about 31 per cent to Rs 606 crore (Rs 6.06 billion/$123.4 million) in the first quarter this fiscal, compared to Rs 464.35 crore in the year-ago period.

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The bank's net income for the period under review grew 21.86 per cent to Rs 5,136.75 crore from Rs 4,215.15 crore.

Total deposits increased more than 11 per cent 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.