HDFC Bank has declared its third quarter results of FY10. It has reported jump of 31.51% in its Q3 net profit of Rs 818 crore as against Rs 622 crore in the same quarter of previous year. Net interest income (NII) was at Rs 2,223 crore. Other income went down at Rs 853 crore from Rs 939.4 crore and provisions declined to Rs 447.7 crore versus Rs 531.8 crore. Capital adequacy ratio (CAR) stood at 18.3% and gross non-performing assets (NPA) slipped to 1.6% versus 1.8%.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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