HDFC Bank's Q1 net rises 30% to Rs 239 crore on loan push. From: Economic Times (New Delhi, India) | Date: July 16, 2006 | COPYRIGHT 2006 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Jul. 16--MUMBAI, India -- Powered by a strong growth in interest income, private sector banking major HDFC Bank on Friday reported a 30.4 percent rise in net profit at Rs 239.3 crore for the first quarter ended June 30, '06. The bank's net profit was Rs 183.5 crore in the corresponding period of the previous fiscal.

Over the last few quarters, HDFC Bank has consistently reported an average growth of 30 percent in its net profit. This time around, the performance was bols...