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
Housing Development Finance Corporation Ltd.’s restructured assets increased to 1.4% (versus 0.9% Q1 FY22) of assets under management which comprises of 63% Individual loans and 37% non-individual loans.
Gross stage-III assets declined to 2.5% versus 2.6% QoQ (versus 2.2% YoY) led by better collection efficiency.
HDFC's overall collection efficiency ratio for individual loans has remained stable at 98% in September 2021.
Profit after tax grew by 32% YoY led by higher other income.
Net interest income grew by 13% YoY led by improvement in margins while pre-provision operating profit grew by 29% YoY.
Disbursements for individual loan segment grew by 44% YoY in Q2 FY22; Oct-21 disbursements highest ever in a non-quarter end month.
Provisions stood at Rs.133.4 billion higher than regulatory requirement (Rs 66.05 billion).
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