HDFC Bank Q3 net up 45% at Rs 429 cr

HDFC Bank on Monday posted a 45.23 per cent increase in net profit at Rs 429.36 crore (Rs 4.29 billion) for the third quarter ended December 31, 2007, as compared to Rs 295.64 crore (Rs 2.95 billion) for the corresponding period in 2006.

The total income of the bank also increased 64.35 per cent at Rs 3,405.79 crore (Rs 34.05 billion) for the quarter under review as against Rs 2,072.23 crore (Rs 20.72 billion) for the same period last year.

Shares of the bank closed at Rs 1,517.55, down 3.70 per cent on the Bombay Stock Exchange.