Mumbai: Private sector lender HDFC Bank on Wednesday reported a 44.81% surge in its net profit at Rs621.74 crore for the third quarter ended 31 December, 2008.
The bank had a net profit of Rs429.36 crore in the third quarter of FY’08, HDFC Bank said in a filing to the Bombay Stock Exchange.
The second largest private sector lender’s total income rose 58.79% to Rs5,407.89 crore in the December quarter, from Rs3,405.79 crore in the year-ago period.
During the quarter, the lender’s interest income grew 63.87% to Rs4,468.50 crore.
The interest expended by the bank ratcheted 93% to Rs2,489.34 crore.
HDFC Bank was trading at Rs1,005, up 1.63% in the afternoon trade on the BSE.