For fiscal 2009-10, HDFC Bank registered a 31.3% increase in net profit, which stood at Rs 2,948.7 crore.

The country's second largest private bank said that its net revenue during the year surged 13.8% to Rs 12,194.2 crore.

"This was driven by loan growth and a core net interest margin of 4.4 percent for the quarter," the bank said.

During 2009-10, the gross non-performing assets ratio declined to 1.43% of the gross advances as compared to 1.98% during the previous fiscal.

In a statement, the bank said, "Savings account deposits grew 42.9 percent over the previous year to reach Rs. 49,877 crore, while current account deposits at Rs. 37,227 crore registered a growth of 30.9 percent over the same period (2009-10)."

As on March 31, the bank's CAR stood at 17.4% as compared to 15.7% in 2008-09, while the regulatory condition is 9%.

For the three month period ended March 10, the bank's net profit zoomed 32.6 crore to Rs 836.6 crore, whereas net interest income increased by 27% to Rs 2,351.4 crore.

The bank announced a dividend of Rs 12 each share.

On Friday, the shares of HDFC Bank closed at Rs 1,944.35, down 2.1% as compared to its 52-week high of Rs 1,986 on March 29. (With Inputs from Agencies)