HDFC Bank Q4 Review - Business Momentum Steady: Motilal Oswal
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Motilal Oswal Report
HDFC Bank Ltd. reported a healthy quarter, with advances growth driven by both Corporate and continued revival in the Retail segment.
Operating performance remained steady, led by robust business growth, stable margins, and controlled opex.
However, the bank made additional provisions of Rs 13 billion, resulting in a PAT miss.
Asset quality remained stable, while total restructuring stood at 0.6% of loans. The GNPA ratio improved 6 bps QoQ to 1.32% (v/s a proforma GNPA ratio of 1.38%) and NNPA ratio was stable at 0.4%. PCR held steady at ~70%.
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