Size : 284.71 sq.cm. (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.