HDFC Bank Q1 Review - Asset Quality Declines With Lower Collections: KRChoksey
A bank employee walks through the lobby of an HDFC Bank Ltd. branch in Mumbai, India. (Photographer: Abhijit Bhatlekar/Bloomberg)

HDFC Bank Q1 Review - Asset Quality Declines With Lower Collections: KRChoksey

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.

KRChoksey Research Report

HDFC Bank Ltd.'s Q1 FY22, net interest income grew to Rs 17,009 crore from Rs 15,665 crore in Q1 FY21 (8.6% YoY growth) driven by advances growth of 14% YoY.

The bank’s continued focus on deposits helped in maintenance of a healthy liquidity coverage ratio at 126%.

Pre provision operating profit grew 18% YoY at Rs 15,137 crore in Q1 FY22 from Rs 12,829 crore in Q1 FY21 driven by other income (non- interest income) growth of 54% YoY at Rs 6,289 crore.

Provisions for Q1 FY22 stood at Rs 4,831 crore, an increase of 24% YoY and 3% QoQ.

HDFC Bank's gross non performing asset were 1.47% in Q1 FY22 versus a comparable 1.32% in Q4 FY21.

Click on the attachment to read the full report:

KRChoksey HDFC Bank Q1FY22 Result Update.pdf

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