Net interest income of the bank for the December quarter stood at Rs3,798.9 crore, a growth of 21.9%, mainly on account of increased loan book
Mumbai: Private sector HDFC Bank today reported a 30% jump in net profit at Rs1,859.07 crore for the October-December quarter of the current fiscal, mainly on account of increased loan book, reports PTI.
The bank had a net profit of Rs1,429.66 crore in the December quarter of 2011-12 fiscal.
Total income of the bank increased to Rs10,506.51 crore for the quarter ended 31 December 2012, from Rs8,622.64 crore in the corresponding period a year ago.
Net interest income of the bank for the December quarter stood at Rs3,798.9 crore, a growth of 21.9%, mainly on account of increased loan book.
The loan book grew by 24.3% and net interest margin, a measure of profitability, went up by 4.1%.
Other income of the bank rose to Rs1,798.9 crore during the quarter, from Rs1,420 crore in the year ago period. This was mainly on account of income from fees and commission.
The net Non-Performing Assets (NPAs) as a percentage of total assets stood at 0.2%.
Shares of HDFC Bank were trading at Rs659.10, down 1.17% from previous close on the BSE.
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Also they believe in forcing people to buy the shares they want(so they can earn illegal cash commission like Kapadia does who then proudly baosts he invests that moneyt in a casino in Goa regularly) and if you donot do that they get angry,use bad language and insult you.
Their own key people are harming the bank mroe than their competitors.This Amit Kapadia who Im talking about is the right hand man of the head of western region equity Parimal Shah who is the worst banker I have ever come across.
Their HDFC Securities people give calls which their own organisation doesnot .For instance they told me to sell Infosys at 2800/- on 11 Jan but their own organisations IOnfosys selling call is much higher in the 3500/- range then.On top it it they tell me to replace Infosys with a sodapop share like Hexaware,not TCS of HCL tech.
I tell you HDFC Bank top brass consists of cheats,crooks,frauds and corrupt people like Shah and Kapadia and there is no hope in this bank for either investors or customers.Save yr life and get out of this bank.No wonder equitymaster has given a sell call on this bank 2 weeks ago.