HDFC Bank Q4 Results - Provisions Elevated, CASA Strong: KRChoksey
Pedestrian walk past an HDFC Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

HDFC Bank Q4 Results - Provisions Elevated, CASA Strong: 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 Report

HDFC Bank Ltd.'s PAT grew 18.2% year-on-year but was 6.5% lower quarter-on-quarter.

The provisions remained elevated. The net interest margins fell 11 bps YoY but rose 7 basis points QoQ.

  • Advances grew 14% YoY.

  • Retail assets grew 6.7% YoY and wholesale grew 21.7% YoY

  • Deposits grew 16.3% YoY (5% QoQ) with CASA improving to 46.1%, higher by 311 bps QoQ.

  • Term deposits grew 9% YoY.

  • Pre-provision operating profit grew 19.3% YoY driven by improved net interest income.

Click on the attachment to read the full report:

KRChoksey HDFC Bank Q4 FY21 Result Update.pdf

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