HDFC Bank Q2 Review - Healthy Revival; Shifting Gears To Accelerate Growth: ICICI Direct

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..ICICI Direct Report.HDFC Bank Ltd.'s Q2 FY22 operating performance was healthy with net interest income up 12.1% YoY at Rs 17684 crore on the back of stable net interest margins and improvement in loan growth.Despite benign funding cost net interest margins were stable at 4.1% as the bank incrementally focused on secured segments.Other income was up 21.5% YoY to Rs 7400 crore, driven by 25.5% YoY and 27.3% QoQ rise in core fee income.Provisions were at Rs 3924 crore, down 18.8% sequentially, as a result of improvement in asset quality. HDFC Bank currently holds floating provisions worth Rs 1451 crore and contingent provisions of Rs 7756 crore.Gross non performing asset and net non performing asset ratio declined 12 basis points and 8 bps sequentially to 1.35% and 0.4%, respectively. .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 Q2 Review - Healthy Revival; Shifting Gears To Accelerate Growth: ICICI Direct

HDFC Bank Q2 Review - Healthy Revival; Shifting Gears To Accelerate Growth: ICICI Direct

Choose a plan