HDFC Bank Q1 Review - Weak Quarter; Margin Pressures Build Up: Dolat Capital

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. .Dolat Capital Report.HDFC Bank Ltd. reported net interest income was slightly behind estimates, growing at 9% YoY. Pre provision operating profit however grew by 18% YoY, benefitting from higher forex income and lower opex. Key dampeners during the quarter were elevated slippages (at 2.5%) and weak net interest margin, even as profit after tax was mostly in line.HDFC Bank's reported NIM 4.1% was at the lower end of management guidance, impacted by changing loan mix in favour of lower yielding corp book, decline in revolver balances in credit card portfolio, elevated slippages, and higher cash reserves ratio requirements. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

HDFC Bank Q1 Review - Weak Quarter; Margin Pressures Build Up: Dolat Capital

HDFC Bank Q1 Review - Weak Quarter; Margin Pressures Build Up: Dolat Capital

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