HDFC Bank Posts Steady Q3 Performance; Growth Outlook Getting Stronger, Says Motilal Oswal
An HDFC Bank branch. (Photo: BloombergQuint) 

HDFC Bank Posts Steady Q3 Performance; Growth Outlook Getting Stronger, Says Motilal Oswal

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 Bank Ltd. reported a strong performance, with advances growth driven by both corporate and revival in the retail segment.

Operating performance remained steady, led by healthy business growth, sequential margin improvement, and cost control.

The bank further shored up provisions, providing Rs 24 billion toward potential non-performing assets (not declared due to the Supreme Court order) and other contingent provisions.

Asset quality remained stable, while total restructuring stood at 0.5% of loans.

Proforma slippages stood at Rs 49 billion; the bank holds a sufficient additional contingent provision buffer to manage the Covid-19 impact.

Click on the attachment to read the full report:

Motilal Oswal HDFC Bank Q3FY21 Result Update.pdf

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