Credit rating agency, CARE has assigned AAA rating to proposed lower tier II bonds of HDFC Bank worth Rs 5,000 crore.
The bank has received the said rating on the back of strong market position complemented by its widespread domestic franchise, healthy capitalization levels, strong funding profile characterized by robust CASA mix, comfortable asset quality metrics as well as consistently healthy performance track record.
The bank posted a rise of 30.07% in its net profit at Rs 1559.98 crore for the quarter ended September 30, 2012 as compared to Rs 1199.35 crore for the same quarter in the previous year. Total income increased by 24.47% at Rs 9869.77 crore for quarter under review as compared to Rs 7929.38 crore for the quarter ended September 30, 2011.
