Private lender HDFC Bank on Tuesday posted 30.1 per cent rise in net profit at Rs 1,889.8 crore for the January-March quarter of 2012-13 fiscal over the same period last year.
The country's second largest private lender had a profit of Rs 1,453.08 crore in the corresponding quarter last year.
For the entire fiscal ended March, the bank's consolidated net profit grew 30.9 per cent over FY12 to Rs 6,869.6 crore.
Its total income during the reporting quarter rose 21.1 per cent to Rs 11,127.5 crore over the corresponding quarter last year while core net interest income went up by 20.6 per cent at Rs 4,295.3 crore, the bank said in a statement.
The non-interest income grew to Rs 1,803.6 crore from Rs 1,628.9 crore in the same period last year.
On the expenditure front, the operating expenses grew 17.7 per cent to Rs 2,663.7 crore, it said.
The net interest margin for the quarter ended March 2013 was 4.5 per cent owing to changes in classification norms, the statement said, adding, but for the changes, it would have been flat sequentially at 4.3 per cent.
The share of low cost current and savings account deposits increased to 47.4 per cent against 45.4 per cent in the previous quarter ended December.
About asset quality, the bank's gross
non-performing assets ratio improved to 0.97 per cent as on March 31, from 1.02 per cent in the previous year.
The bank's board recommended an increase in dividend to Rs 5.50 per equity share of the face value of Rs 2, up from Rs 4.30 per share last year.
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