HDFC Bank Ltd.

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.