HDFC Bank profit increases 30%

HDFC Bank Ltd has reported a 30 per cent increase in its net profit for the year ended March 2005 at Rs 665.56 crore as against Rs 509.50 cr...

HDFC Bank Ltd has reported a 30 per cent increase in its net profit for the year ended March 2005 at Rs 665.56 crore as against Rs 509.50 crore for the year ended March 31, 2004.

The board during its meeting held here on Wednesday has recommended a 45 per cent dividend of Rs 4.50 per equity shares of Rs 10 each, the bank said in a release.

Riding high on the increase in its net interest income the bank’s total income for the reporting fiscal rose by 23 per cent to Rs 3,744.83 crore as against Rs 3,028.96 crore in FY-04. The net interest income for the year ended March 31, 2005 was pegged at Rs 3,093.49 crore as against Rs. 2,548.93 crore.

The net profit for the last quarter ending March 31 rose by 30 per cent to Rs 202.37 crore as against Rs 154.72 crore for quarter ended March 31, 2004 while its total income increased from Rs 806.31 crore in Q4-04 to Rs 1,087.27 crore for the reporting quarter.

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

Cities1 hr ago

Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

View all shorts

Live Blog

PHOTOS