Mumbai: HDFC Bank Ltd said its net profit for the 2007 first quarter arose 34.3 per cent, hiked up by higher credit expansion that held up ascending interest rates.
Net profit for the April-June period ascended to Rs 321 crore from Rs 239 crore a year earlier.
Total income rose 47.2 per cent to Rs 2,642 crore from Rs 1,795 crore.
HDFC Bank was incorporated in August 1994 and started processes as a Scheduled Commercial Bank in January 1995. As on March 31, 2007, it had a nationwide network of 684 branches and 1605 ATM's in 316 Indian towns and cities.
slumped 3.35% to Rs 143 even though net earnings boosted 45.32% in Q1 June 2007.
(10:22 am), Jay Bharat Maruti is quoting at Rs 48, which showed
UTI Bank declared a significant rise of 45.15% in net profit for the quarter ended June 2007.
After reporting an increase of 26.93% in net profit in Q1 June 2007, Chennai Petroleum Corporation came up 4.32% to Rs 296.95 in afternoon trading. The company declared the quarterly results during the market hours.
Bangalore: Today, Infosys Technologie
