HDFC Bank Ltd.

HDFC Bank, the country’s second largest private sector lender acting through its Bahrain branch, has priced on October 23, 2013, $500 million Fixed Rate Senior Unsecured Notes under its $2 billion MTN Programme. The Notes carry a coupon of 3% per annum payable semi annually and are maturing on November 30, 2016. The Notes will be listed on the Singapore Stock Exchange.

The bank has posted a rise of 27.07% in its net profit at Rs 1982.32 crore for the quarter ended September 30, 2013 as compared to Rs 1559.98 crore for the same quarter in the previous year. Total income has increased by 17.65% at Rs 11937.69 crore for quarter under review as compared to Rs 10146.65 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 1.1% in the July-September quarter as against 0.9% in the same quarter previous year while net NPAs increased to 0.3%.