HDFC Bank Ltd.

HDFC Bank, the country’s second largest private sector lender, has opened a new branch at Peedampalli in Coimbatore district in Tamil Nadu. With this branch, the bank now has about 40 per cent of its network in Tamil Nadu in the semi-urban and rural areas.

HDFC Bank has reported a rise of 23.11% in its net profit at Rs 2326.52 crore for the quarter ended March 31, 2014 as compared to Rs 1889.84 crore for the same quarter in the previous year. Total income of the bank has increased by 14.94% at Rs 12789.98 crore for quarter under review as compared to Rs 11127.54 crore for the quarter ended March 31, 2013.