HDFC Bank net up 33% at Rs1,088 crore
HDFC Bank posted a net profit of Rs1,088 crore in the quarter ended December 2010, up by 33 % year-on-year, on the back of a healthy growth in interest income.

Updated on Jan 27, 2011 09:49 PM IST
Hindustan Times | HT Correspondent, Mumbai
HDFC Bank posted a net profit of Rs1,088 crore in the quarter ended December 2010, up by 33 % year-on-year, on the back of a healthy growth in interest income.
Net interest income (the difference between interest earned and interest paid), grew by 25% to Rs2,777 crore in the quarter driven by the growth in advances, which grew by 32%.
"We expect our credit growth to be more than the banking sector growth of 20% in the next fiscal," said Paresh Sukthankar, executive director, HDFC Bank.