BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
FY21 was an exceptional year for HDFC Bank Ltd. as it crossed the milestone of Rs 300 billion in profit after tax (up 19%) and more than Rs 11 trillion in loans.
Over the last two decades (FY01-FY21), the bank’s profit after tax and assets have grown at 28% and 27% compound annual growth rate, respectively.
In what seemed to be a very challenging year due to the Covid-19 pandemic, especially H1 FY21 (which was marred by a nation-wide lockdown), the bank’s delivery on credit growth seemed effortless.
As systemic aversion to unsecured credit increased, the bank strategically shifted focus towards the wholesale segment (up 21%).
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