<< FIIs sliced their investment... << Deregulation of...
HDFC posts Net Profit of Rs 621 crore, up by 45 percent

Shweta Suri


HDFC Bank, one of the leading private sector banks of India, today reported a net profit of Rs 621.74 crore for the third quarter of the financial year 2008-09, in the filing made to the BSE. The net profit of the bank stood at Rs 429.36 crore for the corresponding quarter last year. The bank reported a net profit growth of 45 percent during this quarter.


The total income of the bank in the third quarter of October-December rose 58.79 percent to Rs 5407.89 crore from the figures of Rs 3405.79 crore achieved in the same quarter last year.


The interest income on the other hand, surged to Rs 4468.50 crore by jumping 63.87 percent. These declared results of HDFC Bank also include the operations of Centurion Bank of Punjab. The shares of the private sector bank were up 1.83 percent and were trading at Rs 1007 on the Sensex.

 
Latest E-youth
Insurance Organize your Financial Affairs
Insurance is a legal risk management contract between two parties to transfer the potential loss from insured to insurer. More..
Grameen Bank A Boon to Economy
After years of efforts to eradicate poverty in the third world economies, the Grameen bank has finally come up with certain helpful policies for the poor and needy section of the economy. More..
what is an open economy
An open economy is a type of economy that is largely free from all trade restrictions and allows unbound trade practices with other economies of the world. More..
Japanese economy and its economic growth
Japanese economy is tagged as one of the leading economies of the world that stands second in the list. Its high-tech expertise and high quality products are famous worldwide that make this economy a major More..
India's business prospects and economy
In this critical state of depression, Indian economy has still managed leading the list of developing countries that bestows healthier business opportunities even in this tough time. It came as a surprise to some that according to a recent Indian economy analyst's More..
Economic Indicators of Recession
Recession in an economy, in general terms is described as a situation when an economy features slow economic activities, faces decline or no income situations. During this period the economy also suffers a steep fall in GDP growth rate, which tends to worsen situation further. The American economy is More..
Key Impacts of Recession in Economy
Recession is the prime story of the global economy since last few months. The economy is facing an uninterrupted downfall that has further sent invites to many disastrous results. These outcomes have gripped badly the international economy status that More..
Relevance of Economy News
With the increase in liberalization, privatization and globalization of the economies, people of a given nation are more involved and thereby make greater contribution to their country's economic More..
Key Indicators for Economic Growth 
The 'most recognized' indicators used for assessing a nation's economic growth are 'GDP' (Gross Domestic Product), 'GNP' (Gross National Product) and Balance of Payments. More..
Gross Domestic Product (GDP) - A Primer
In addition to being one of the most useful and trusted indicators of a nation's economic growth since decades, GDP also hints at the standard of living which the people of the country share. More..
   Contact Us | About Us   Copyright © 2008 EconomyNews.in