New Delhi, Feb 14 (IANS): India's second largest private lender, HDFC Bank, Friday reported a 20.2 percent increase in its net profit for the quarter ended Dec 31 which stood at Rs.2,794.5 crore, up from Rs.2,325.70 in the corresponding period of the previous fiscal.
According to a regulatory filing to the Bombay Stock Exchange (BSE), the bank said that it managed to bring in healthy numbers due to higher interest income which grew by 17 percent at Rs.12,395.8 crore.
The interest income in the corresponding period of previous fiscal stood at Rs.10,590.7 crore.
The bank's total income increased by 17.20 percent at Rs.14,930.7 crore in the quarter under review from Rs.12,739 crore in the corresponding quarter of 2013-14.
The private lenders' net revenues (net interest income and other income) grew by 21.4 percent at Rs.8,234.8 crore from Rs.6,783 earned during the like period of last fiscal.
The other income of the bank in the third quarter of the current fiscal rose by 18 percent at Rs.2,534.9 crore from Rs.2,148.3 crore in the quarter Dec 31, 2013.
The total deposits with the private lender grew by 18.6 percent and stood at Rs.414,128 crore from the year-ago figure.
Savings accounts deposits too increased by 18.6 percent at Rs.112,284 crore, while current account deposits grew by 17.6 percent at Rs.57,105 crore over the same period last year.
Current and savings account (CASA) deposits mix were at 40.9 percent of the total deposits in the quarter under review.
The bank's gross non-performing assets were at 0.99 percent of gross advances as on Dec 31 from 1.02 percent on Sep 30, 2014 and 1.01 percent as on Dec 31, 2013.
The bank's Capital Adequacy Ratio (CAR) stood at 15.7 percent during the period under review.
For the first nine months ended Dec 31, the bank's net profit grew 20.4 percent to Rs.7,409.01 crore from Rs.6,151.88 crore in the corresponding period of last fiscal.
The total income of the company in the first nine months of the current fiscal increased by 15.52 percent at Rs.41,896.1 crore, compared to Rs.36,265.2 crore in the previous year.
The net revenues in the period under review rose 17.3 percent and stood at Rs.22,815.1 crore, compared to Rs.19,448.2 crore in the year-ago period.
On Friday, the company's scrip at the BSE closed 1.09 percent down at Rs.1,065.85 from Thursday's close of Rs.1,077.60.