HDFC Capital, a subsidiary of HDFC Bank Ltd, exited a Total Environment project in Bangalore, yielding a return of close to Rs 300 crore. The investment of Rs 229 crore was for a residential apartment project in Whitefield called "Pursuit of a Radical Rhapsody". Total Environment, founded in 1996, boasts a track record of delivering 5.5 million sft of residential and commercial space, with 14 million sft currently under construction. The successful exit reflects HDFC Capital s strategy of partnering with reputable developers to focus on high-quality homes in India.
Net interest income (NII) for the quarter, which is interest earned less interets expended, rose 23.9 per cent YoY to Rs 28,470 crore ompared with Rs 22,990 crore in the same quarter last year.
Contrary to the 50 percent profit growth number doing the rounds, HDFC Bank s consolidated PAT growth is only 10 percent, pointed out analysts as the base quarter numbers do not include HDFC Ltd s numbers