Foreign institutional investors (FIIs) have reduced their exposure in HDFC Bank during the quarter ended September 2013 after a gap of more than two years. FIIs stake in the country’s largest private sector lender has declined by nearly one percentage point at 33.61% in September quarter from 34.49% stake at the end of June quarter on concerns of margins stress due to slowdown in the economy, rising non-performing assets and higher cost of funds.
The bank’s net profit for the first quarter rose by 30.09% at Rs 1843.86 crore as compared to Rs 1417.39 crore for the quarter ended June 30, 2012. Its total Income has increased by 17.95% to Rs 11588.56 crore for the quarter under review from Rs 9825.17 crore for the corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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