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.
ICICI Direct Report
A healthy revival in credit offtake, especially individual segment thereby leading to improvement in operational performance remained a key highlight of the Housing Development Finance Corp.'s quarter.
Asset quality remained broadly resilient.
For Q4 FY21, the company posted a healthy operational performance with net interest income growth of 10% YoY to Rs 3,918 crore, driven by margin expansion and healthy assets under management growth.
Reported net interest margin was at 3.5%, up approximately 10 basis points QoQ, YoY.
Expansion in net interest margins was aided by 8 basis points sequential uptick in non-individual spreads.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR