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Rediff.com  » Business » HDFC Bank Q1 net rises to Rs 183.53 cr

HDFC Bank Q1 net rises to Rs 183.53 cr

Source: PTI
July 14, 2005 12:58 IST
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HDFC Bank has registered a 31 per cent increase in its net profit at Rs 183.53 crore (Rs 1.83 billion) for the first quarter ended June 30, 2005 as compared to Rs 139.97 crore in Q1 FY05.

The total income has increased to Rs 1157.68 crore (Rs 11.57 billion) for the quarter ended June 30, 2005 from Rs 810.59 crore (Rs 8.10 billion) in Q1-05.

According to a HDFC Bank release issued to the Bombay Stock Exchange, the bank, till the current financial year so far, has expanded branch network to 495 outlets in 217 cities from 330 outlets in 169 cities in June 2004.

The bank's debit card issuance has crossed 3.1 million as of June 2005 while credit cards issued touched the 1.5 million mark.

As of June 30, 2005, the bank's net non-performing assets remained healthy at 0.2 per cent of customer assets and 0.3 per cent of advances.

Capital Adequacy Ratio was 11.9 per cent against the regulatory minimum of 9 per cent while Tier I CAR was at 9.5 per cent, the release said further.

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