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.

Fees and commissions, which surged 27% to Rs 649.3 crore, were the major contributors to the bank's other income.

Profit on sale of investments and review of assets added Rs 256 crore to the bottom-line as compared to a loss of Rs 78 crore during the last year.

The HDFC's balance-sheet growth has decelerated. This resulted in lower growth in its net interest income even as margins remained unchanged. The bank's net interest margin rose 4.1%.

Gross NPAs were higher at 2.05%. Provisions and contingencies nearly doubled to Rs 659 crore.