Car Loan Apr | HDFC Bank Net Revenues Blossom 24%

Mumbai, April 18 : Leading in isolation zone bank, HDFC Bank Limited, has purebred a 24pc expansion in its net is to year finished Mar 31.

The bank's complete income is to entertain finished Mar 31, 2011, was Rs 6,724.3 crores. Net revenues (net fascination income in addition to other income) at Rs 4,095.2 crores is to entertain finished Mar 31, 2011 increased by 24.0pc over Rs 3,302.1 crores is to analogous entertain finished Mar 31, 2010.

Net fascination income (interest warranted reduction fascination expended) is to entertain finished Mar 31, 2011 was Rs 2,839.5 crores as against Rs 2,351.4 crores is to entertain finished Mar 31, 2010. This was driven by loan expansion of 27.1pc and a core net fascination border is to entertain of 4.2pc .

Other income (non-interest revenue) is to entertain finished Mar 31, 2011 was Rs 1,255.8 crores up 32.1pc over that in the analogous entertain finished Mar 31, 2010.

The principal writer to other income is to entertain was fees and commissions of Rs 1,000.6 crores, up by 23.2pc over `812.5 crores in the analogous entertain finished Mar 31, 2010. The other leading part of other income was unfamiliar swap and derivatives income of Rs 245.4 crores as against Rs 180.1 crores is to analogous entertain of the formerly year.

The bank warranted a distinction of Rs 8.6 crores on revaluation / sale of investments is to entertain finished Mar 31, 2011 as against a loss of Rs 47.3 crores in the entertain finished Mar 31, 2010.

Operating costs is to entertain were Rs 1,998.4 crores, an enlarge of 24.3pc over Rs 1,607.8 crores during the analogous entertain of the formerly year. The cost-to-income proportion is to entertain was steady at 48.8pc as against 48.7pc is to analogous entertain finished Mar 31, 2010.

Provisions and contingencies were Rs 431.3 crores (including definite loan loss and buoyant supplies of Rs 330.1 crores) is to entertain finished Mar 31, 2011 as against Rs 439.9 crores (including definite loan loss and buoyant supplies of Rs 322.8 crores) is to analogous entertain finished Mar 31, 2010. After providing Rs 550.8 crores for taxation, the

Bank warranted a Net Profit of Rs 1,114.7 crores, an enlarge of 33.2pc over the entertain finished Mar 31, 2010.

For the year finished Mar 31, 2011, the Bank warranted complete income of Rs 24,263.4 crores. Net revenues is to year finished Mar 31, 2011 were Rs 14,878.3 crores, up by 20.3pc over Rs 12,369.5 crores is to year finished Mar 31, 2010.

The bank's net distinction for year finished Mar 31, 2011 was Rs 3,926.4 crores, up 33.2pc , over the year finished Mar 31, 2010. Consolidated net distinction is to Bank increased by 32.9pc to Rs 3,992.5 crores is to year finished Mar 31, 2011.

The bank's complete change piece size increased by 24.7pc from Rs 222,459 crores as of Mar 31, 2010 to Rs 277,353 crores as of Mar 31, 2011. Total net advances as of Mar 31, 2011 were Rs 159,983 crores, an enlarge of 27.1pc over Mar 31, 2010.

Total deposits were at Rs 208,586 crores, an enlarge of 24.6pc over Mar 31, 2010. Savings account deposits grew 27.2pc over the formerly year to attain Rs 63,448 crores, whilst stream account deposits at Rs 46,460 crores, purebred a expansion of 24.8pc over the same period.

Adjusting stream account deposits for one-offs at year finish the core CASA proportion was at 51pc of complete deposits as at Mar 31, 2011.

The bank's complete Capital Adequacy Ratio (CAR) as at Mar 31, 2011 (computed as per Basel II guidelines) stood at 16.2pc as against 17.4pc as of Mar 31, 2010 and against the regulatory minimum of 9.0pc . Tier-I CAR was 12.2pc as of Mar 31, 2011.

During the year 74.8 lac shares were allotted by the bank on the exercise of options postulated progressing beneath assorted worker batch choice plans. As a result, equity share funds increased by `7.5 crores and pot (share premium) by Rs 820.7 crores.

The Board of Directors endorsed an extended division of Rs 16.50 per share is to year finished Mar 31, 2011, as against Rs 12.0 per share is to formerly year. This would be theme to consent by the shareholders at the next annual broad meeting.

Asset high quality one after another to sojourn strong with sum non-performing properties as on Mar 31, 2011 at 1.1pc of sum advances as against 1.4pc at the finish of the formerly year. The proportion of net non-performing properties to net advances as of Mar 31, 2011 was at 0.2pc , down from 0.3pc as at Mar 31, 2010.

The Bank's provisioning policies for definite loan loss supplies remained aloft than regulatory requirements. The NPA coverage proportion formed on definite supplies (not inclusive write-offs, technical or otherwise) was at 82.5pc as on Mar 31, 2011 whilst that on Mar 31, 2010 was 74.8pc .

Total restructured loans (including applications received and beneath routine for restructuring) were at 0.4pc of sum advances of that 0.1pc were restructured loans personal as NPAs as on Mar 31, 2011.

The Board of Directors deliberate and approved the sub-division (split) of one equity share of the Bank having a favoured worth of Rs 10 any in to 5 equity shares of favoured worth of Rs 2 each.

--IBNS