HDFC
Bank net profit up 31% to
Rs 99 crore in third quarter
Our Banking
Bureau
22 May 2002
 Mumbai:
HDFC Bank has announced a 31.1-per cent growth in its
net profit for the third quarter ended 31 December 2002
to Rs 98.88 crore as compared to Rs 75.45 crore for the
corresponding period in the previous fiscal.
The operating profit
for the quarter was also higher at Rs 188.13 crore (Rs
135.98 crore). The total income of the bank for the quarter
was Rs 646.3 crore (Rs 525.1 crore).
 For
the nine-month period ended 31 December 2002, the net
profit was up to Rs 270.98 crore (Rs 206.80 crore), whereas
the operating profit was at Rs 50.853 crore.
The total income
of the bank for the quarter stood at Rs 646.28 crore (Rs
525.07 crore) and the total expenditure was at Rs 458.15
crore (Rs 389.09 crore).
 The
bank made provisions of Rs 36.06 crore (Rs 27.58) crore,
whereas provisions for taxation stood at Rs 53.19 crore
(Rs 32.95 crore).
The bank’s
capital adequacy as of 31 December 2002 stood at 13 per
cent (16.50 per cent).
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