Mumbai: HDFC Bank Ltd, India's No.3 lender by loan value, met forecasts with a 30 per cent rise in quarterly profit on Tuesday led by higher loan growth, fee income and stable asset quality.
Mumbai-based HDFC Bank, which has posted profit growth of more than 30 per cent every year for the last decade, said its net profit rose to Rs 18.9 billion in the quarter ended in March from about Rs 14.53 billion a year earlier. Net interest income grew about 21 per cent to Rs 42.9 billion.
According to Thomson Reuters I/B/E/S, analysts had expected a net profit of Rs 18.87 billionfor the bank, which is also listed in New York and competes with bigger local rivals State Bank of India and ICICI Bank.
Asset quality, valued by the market at about $31 billion, was stable with net non-performing loans as a percentage of total assets at 0.2 per cent. The bank's net interest margin, a key gauge of profitability, is among the highest in the sector at 4.5 per cent compared with 4.4 per cent a year ago....
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03:50 PM, Apr 23, 2013
Indian actress and popular VJ Sophiya Haque died in a hospital here today. She was 41. Haque was suffering from pneumonia and had been undergoing tests during which she is believed to have developed a clot in her lungs and passed away in her sleep. The model-actress, who lived in London with her partner and musical director David White, had fallen ill just before Christmas and was diagnosed with cancer....
10:26 AM, Jan 18, 2013
The NMC said that reporting on the Test series has been jeopardised as a result of the move by the BCCI. ...
05:05 PM, Nov 13, 2012
The shoot for 'Kammath and Kammath', the new movie from Thomson will start this week at Ernakulam. Featuring Mammootty and Jayaram together as brothers after a gap of almost 20 years, this humorous entertainer will have them as brothers who run a chain of hotels. The movie will also feature Dileep as an Income Tax Officer who comes up to raid the establishments of Kammath brothers. Scripted by Sibi K...
09:33 PM, Oct 17, 2012
As their recent movies 'Thappana' and 'Mr Marumakan' didn't exactly set the mood for hits, Mammooty and Dileep are planning to join together for their next movie. This yet to be titled project will be directed by Thomson who debuted with the big hit 'Kaaryasthan'. Hit makers Sibi K Thomas and Uday Krishna are currently giving final touches to their script for this movie which is expected to hit the...
04:53 PM, Sep 18, 2012
Islamabad: Dubbing Pakistan as a "global leader" in visa and passport forgery, Britain's envoy here has said that visa fraud is a deep-rooted industry in this country. About 4,000 people were caught last year while trying to acquire British passports using fake documents, the UK's High Commissioner to Pakistan, Adam Thomson, said. Pakistan was a "global leader" vis-a-vis fake passports and visas, he told reporters at the National Press Club...
05:13 PM, Jul 27, 2012
Islamabad: Pakistan's Prime Minister Yousuf Raza Gilani telephoned the top British diplomat in the country this week expressing fears that the Pakistani Army might be about to stage a coup, a British official and an official in Islamabad said on Friday. The call, which one official said was "panicky", suggests there was or perhaps still is a genuine fear at the highest level of the Pakistani government that Army might...
05:35 PM, Jan 13, 2012
New Delhi: India's premier military weapons developer, the Defence Research and Development Organisation (DRDO), was Thursday awarded the Thomson Reuters India Innovation Award for 2011 in recognition of its work in the field of science and technology. The award was presented to DRDO by Minister of State for Science and Technology Ashwani Kumar at an event organised here by Thomson Reuters and the Confederation of Indian Industry, a release said....
01:28 PM, Nov 18, 2011
London: Thomson Reuters released its list of the 100 most innovative organisations in the world. The list dominated by technology companies includes the likes of Apple, Microsoft, Intel, LG and Motorola. The struggling Finnish mobile phone giant Nokia is not amongst the top 100. "Innovation is a means of growth and prosperity for companies and nations seeking to overcome sluggish economies and achieve competitive advantage," said David Brown, president of...
05:27 PM, Nov 15, 2011
Bangalore: Infosys Ltd on Wednesday said it is keen to acquire Thomson Reuters' healthcare business. "We are dating...not yet engaged", Infosys CEO and Managing Director SD Shibulal said at a press conference. "....we need to understand each other. So, we are definitely...we have an intention to get engaged," he added. There have been reports that Infosys is close to acquiring Thomson Reuters' healthcare business for $ 700 to 750 million....
04:40 PM, Oct 12, 2011
Shiv Dutt fell on one of the rods projecting out of the school's roof. ...
08:07 PM, Oct 20, 2008
Thomson Corporation has announced a preliminary takeover offer worth over $17.5 billion in cash and stock for Reuters. ...
05:12 PM, May 08, 2007
