HDFC Bank Ltd.

HDFC Bank is reportedly planning to launch multicurrency travel card comprising the US Dollar, Euro, Sterling Pound, Singapore and Canadian Dollars, Yen and Dirhams. The card will, initially, target corporate clients who travel abroad.

Multicurrency card are prepaid cards, which enables customers to manage transactions across various currencies in one single card and can be used like a debit/credit card while travelling abroad.

The bank reported 30.35% jump in its net profit of Rs 1453.08 crore for the fourth quarter ended March 31, 2012 as compared to Rs 1114.71 crore for the same quarter previous year. The bank’s total income increased to Rs 8880.02 crore for the quarter under review from Rs 6724.31 crore for the corresponding quarter previous year, up by 32.06%.