HDFC Bank has announced the esults for the first quarter ended June 30, 2009.

The country's second major private sector lender has posted a growth of 31% in its net profit, which stood at Rs 606 crore, assisted by a significant growth in non-interest income.

The bank had posted a net profit of Rs 464 crore in the same period of the last year.

The non-interest income increased 76% to Rs 1,044 crore from Rs 593 crore in the last year.

India-based major private sector lender HDFC Bank announced that it has opened its first abroad full-fledged branch in Bahrain with a robust 25-member staff.

According to the sources, the branch would provide cash management and trade finance solutions to corporate customers and wealth management services for NRIs (Non Resident Indians).

While commenting on the branch, Mr. Harish Engineer, Executive Director of HDFC Bank stated, “Bahrain has always been the financial gateway and the banking hub to the Gulf with a firm regulatory framework and an overall dynamic financial sector.”