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									                                                                                                                                             Size : 284.71 (63.27 col
            Business Line - Mumbai                                              Thursday, 15 Oct 2009                   Page# :6             cm)

            HDFC Bank net grows
            30% on 'other income'
                               Credit growth likely to be 17-18% this fiscal
           Our Bureau                                                                                                  crore and retail, Rs 1,000-1,500    HDFC Bank
                                                                   e card                                              crore.                                                    Returns 43%
        Mumbai, Oct. 14                                                                                  (in Rs. cr)
HDFC Bank's net profit grew                                                                                               "We do see a pick-up in retail
by 30 per cent to Rs 687 crore                                                  2009-10      2008-09     % growth      loans, but corporate loans have
                                                                                                                       grown faster.                       1490
in the second quarter ended         Net profit                                        687         528      30
September 30,2009, against Rs                                                       1,956       1,866       5             " For some time corporate        1370
                                    Net i n t e n t income
528 crore in the same period                                                                                           loans will continue to grow fas­    1250
                                    Other income                                    1,007         643      57
last year.                                                                                                             ter. But the momentum in retail     1130
                                    Deposit     s                               1,49,805      1,33,781     12          will sustain," Mr Sukthankar               May 4,09         Oct 14,09
   The rise in profit was on ac­
                                    Advance                                      1,15,104    1,06,000                  said.
count of strong 'other income'
and lower costs of funds.           CAR (%)                                           15.7        11.4                    Shares of HDFC Bank closed       likely to see credit growth at
   Within non-interest income,      Net NPA ( >             0/o
                                                                                       0.5         0.6                 at Rs 1,702.55 on the BSE on        17-18 per cent this fiscal, Mr
fees and commissions were Rs                                                                                           Wednesday, up 0.13 per cent         Sukthankar added.
692 crore, foreign exchange                                                                                            from the previous close of Rs          The bank saw a decline in its
revenues were Rs 151 crore and     duce its <:ost-to-income ratio to              coming down, there would be          1,700.4.                            gross non-performing assets
profits from revaluation or sale
                                   less thar 50 per cent, from 55                 more re-pricing of deposits                                              because of higher provisioning
of investments were Rs 163         per cent last year.                            over the next two quarters, Mr       CREDIT GROWTH                       at 70 per cent, against 65 per
crore.                                Net i terest margin was un­
                                            n                                     Sukthankar said.                     The bank's auto loans portfolio     cent.
                                   changed because the 0.5 per                      In the second quarter, the in­     increased to Rs 17,000 crore in        Capital-adequacy       ratio,
                                                             n e    n   o a n

COST-INCOME RATIO                  cent d e c } ' ' '    yields was               cremental growth in advances         the second quarter, against Rs      which is at a healthy 15.7 per

Mr Paresh Sukthankar, Exec­        offset by' similar decline in                  was 9 per cent or Rs 9,000           13,500 crore in the correspond­     cent, would improve when the
utive Director, HDFC Bank,         cost of deposits.                              crore. Of this, corporate loans      ing period last year.               warrants from HDFC get exer­
said the bank was able to re-
                                      While ° s t of funds has been               accounted for Rs 7,000-8,000           Going ahead, the bank is          cised, Mr Sukthankar said.

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