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HDFC-Said-It-Expects-A-Credit-Growth-Of-25-Per-Cen53
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per cent in the current fiscal.
sgloanbook
"We would end the year by at least growth of 22-25 per cent,"
managing director Renu Sud Karnad told PTI During 2009-10, the
mortgage lender approved worth Rs 60,611 crore There is a pent
up demand in housing sector, she said, adding, "it is true that at
some locations property prices have firmed up, which is a cause of
concern
" For the first quarter ended June 30, 2010, HDFC posted a 23 per
cent jump in its net profit at Rs 694 59 crore compared to Rs 564 92
crore in the same quarter a year ago
Total income, however, declined to Rs 2,802 crore in the reporting
period from Rs 2,849 crore compared to same period in the previous
fiscal During the June quarter, the company's loan-book crossed the
Rs 1 lakh-crore mark to Rs 1,01,625 crore, from Rs 87,046 crore in
the corresponding period last year Earlier this month, HDFC
extended its 8
25 per cent teaser rate home loans till the end of August to take on
rival in the segment During the June quarter, total assets of HDFC
grew by 19 per cent to Rs 1 16 lakh crore and deposits rose 21 per
sgloanbook cent to 23,906 crore
For 2009-10, the mortgage lender clocked a 24 per cent jump in net
profit at Rs 2,826 49-crore against Rs 2,282
54 crore in the year-ago period The lender's loan-book stood at Rs
97,967-crore in FY 10 as against Rs 85,198-crore in the year-ago
period, up 15 per cent
For the first quarter ended June 30, 2010, HDFC posted a 23 per
cent jump in its net profit at Rs 694 59 crore compared to Rs 564
92 crore in the same quarter a year ago Total income, however,
declined to Rs 2,802 crore in the reporting period from Rs 2,849
crore compared to same period in the previous fiscal
During the June quarter, the company's loan-book crossed the Rs 1
lakh-crore mark to Rs 1,01,625 crore, from Rs 87,046 crore in the
corresponding period last year
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