HDFC Securities: Banking Sector Update - Collection Efficiency, A Positive Surprise  

HDFC Securities: Banking Sector Update- Collection Efficiency- A Positive Surprise

A customer withdraws a stack of rupee notes at a bank branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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.

HDFC Securities Report

HDFC Securities’ overall universe reported negligible slippages at just 62 basis points and an 11.2/4.8% YoY/QoQ decline in reported Gross Non-Performing Assets, they stood at 8%.

Most banks reported a significant improvement in collection efficiency (most banks reported a collection efficiency of 90%+).

However, such disclosures lacked consistency in terms of (1) calculation (inclusion of overdues in the denominator), and (2) the reporting period.

Click on the attachment to read the full report:

HDFC Securities- Banking Sector Updatepdf.pdf
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