Dec 31, 2012, 09.21 AM | Source: PTI
HDFC Bank on Friday said it has raised about Rs 1,405 crore from bonds to fund business growth.
Shares of the bank closed at Rs 832.55 per unit, up 0.6 percent on the BSE. HDFC Bank had raised Rs 565 crore from lower tier-II bonds in October. The bank posted a rise of 30.07 percent in its net profit at Rs 1,559.98 crore for the quarter ended September 30, 2012 as compared to Rs 1,199.35 crore for the same quarter in the previous year.
Total income increased by 24.47 per cent at Rs 9,869.77 crore for quarter under review as compared to Rs 7,929.38 crore for the quarter ended September 30, 2011.
Net Interest Income is expected to increase by 6.5
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