HDFC Bank Q3 net jumps 30%

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feBureau: Mumbai, Jan 19 2013, 02:13 IST

write-offs, technical or otherwise) was at 80% as on December 31, HDFC Bank said in a statement. The total restructured book at the end of December stands at R685 crore, Sukhtankar said, adding HDFC Bank restructured about R11 crore worth of loans during the quarter. He expects the bank’s asset quality to hold at current levels going ahead.

Other income or the non-interest revenue rose 27% y-o-y to R1,799 crore. The main contributor to other income was fees & commissions of R1,401.9 crore, up 24.3% y-o-y. Total income for the bank stood at R10,506.5 crore, up 22% from last year. Ratio between advances towards retail and wholesale segment for the bank stood at 53:47 during the quarter. Retail advances constitute 51.3% of the total advances in the corresponding quarter last year. Total retail assets during the three month period rose 29.5% y-o-y to R1,29,958 crore.

Total deposits were at R2,84,119 crore, a rise of 22.2% over the corresponding quarter last year. Savings deposit grew 16.5% y-o-y to R81,942 crore and current deposits grew 10.4% to R47,004 crore. Current account savings account ratio as at December 31 was 45.4%, the bank said.

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