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.

Delhi Traffic Police issue advisory for Dussehra, Ramlila from today: Check timing

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