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.
IDBI Capital Report
HDFC Bank Ltd. reported improvement in credit growth to 15.4% YoY versus 14% YoY (Q1 FY22) supported by rise in retail loan growth (13% YoY versus 9% YoY).
Restructured assets increased to 1.52% of advances versus 0.8% (QoQ) led by sharp rise in personal loan portfolio which needs to be watch out for future slippages.
However, HDFC Bank's asset quality improved with gross non performing asset at 1.35% versus 1.47% QoQ led by lower slippages.
Annualised slippage ratio declined to 1.8% versus 2.54% QoQ. Deposits growth increased to 14% YoY versus 13% YoY (Q1 FY22).
Net interest income grew slowly by 12% YoY, however net interest margins remain stable.
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