By IANS,
Mumbai : The country’s second largest private lender HDFC Bank Tuesday said its net profit increased by about 31 percent to Rs.606 crore (Rs.6.06 billion/$123.4 million) in the first quarter this fiscal, compared to Rs.464.35 crore in the year-ago period.
The bank’s net income for the period under review grew 21.86 percent to Rs.5,136.75 crore from Rs.4,215.15 crore.
Total deposits increased more than 11 percent to Rs.145,732 crore in the first quarter from Rs.130,918 crore in the quarter ended June 30, 2008.
Of the total deposits, savings deposits accounted for Rs.38,489 crore, while current account deposits stood at Rs.27,026 crore.