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Thursday, March 24, 2011

HDFC Bank gains on winning Asian Banker's Best Retail Bank in India award


HDFC Bank is currently trading at Rs. 2178.95, up by 14.55 points or 0.67% from its previous closing of Rs. 2164.40 on the BSE.
The scrip opened at Rs. 2181.00 and has touched a high and low of Rs. 2185.40 and Rs. 2169.00 respectively. So far 3,255 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2518.00 on 04-Oct-2010 and a 52 week low of Rs. 1785.00 on 25-May-2010.
Last one week high and low of the scrip stood at Rs. 2199.90 and Rs. 2142.00 respectively. The current market cap of the company is Rs. 101364.39 crore.
The promoters holding in the company stood at 23.40% while Institutions and Non-Institutions held 40.23% and 18.90% respectively.
HDFC Bank, country’s second largest private bank, has won the Asian Banker's Best Retail Bank in India award this year.
The bank has won the 'Best Retail Bank in India' award for the fifth year in a row beating a host of other competitors in Asia Pacific, Middle-East, Central Asia and Africa on a range of parameters. There were more than 150 retail financial institutions from 29 countries across the Asia Pacific, Middle East, Central Asia and African regions who have participated in this competition.
Recently, HDFC Bank has paid higher advance corporate tax for the fourth quarter. The company has paid Rs 500 crore as advance corporate tax, higher by 66.67% as compared to Rs 300 crore paid during same quarter last year. The bank posted an increase of 33% in its net profit for the quarter ended December 31, 2010, which stood at Rs 1087.83 crore as compared to Rs 818.50 crore for the quarter ended December 31, 2009.

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