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.’s proforma gross non-performing asset remained stable at 1.38% versus 1.37% QoQ while net non-performing asset at 0.4%; reported GNPA declined to further 0.81%.
However, proforma slippages remain at 1.86% versus 2.31% YoY versus 1.98% QoQ.
Restructuring under Reserve Bank of India resolution framework stood at 0.5% of advances including fewer corporate cases.
Bank reported collection efficiency at 97% in December month (earlier 95% September month).
Profitability (profit before tax growth) saw an uptick led by lower provision; Profit after tax remain stable at 18%.
Net interest income grew by 15% YoY against a loan growth of 16% YoY.
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