HDFC Bank Q2 Review - Retail Loan Growth Accelerates, Asset Quality Improves: 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
In Q2 FY22, net interest income grew to Rs 17,684 crore from Rs 15,776 crore driven by advances growth of 15.5% YoY.
The core net interest margins stood at 4.1%in Q2 FY22. Profit after tax stood at Rs 8,834 crore, up by 17.6%YoY in Q2 FY22.
Pre-provision operating profits grew 14.4%YoY driven by other income (non- interest income) growth of 21.5% YoY.
HDFC Bank's provisions for the quarter were at Rs 3,925 crore. Total provision for the quarter includes contingent provisions of Rs 1,200 crore.
The credit cost for Q2 FY22 stood at 1.30% versus 1.67% in Q1 FY22.
Gross non performing asset/net non performing asset stood at 1.35%/1.40%in Q2 FY22 as against 1.47%/0.48% in Q1 FY22.
Click on the attachment to read the full report:
This 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.