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.
Nirmal Bang Report
Housing Development Finance Corp. reported strong set of numbers for Q2 FY21 with net interest income growing by 21.7% YoY and 12.9% QoQ, led by margin expansion.
Reported net interest margin came in at 3.3%, expanding by 20 basis points QoQ.
The decline in cost of funds was more than enough to offset the negative impact of drop in topline yields.
Calculated cost of funds dropped by 41 basis points QoQ to 6.94%.
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