HDFC Bank Q4 Review - Business Momentum Steady: Motilal Oswal
A customer holds a bundle of Indian rupee banknotes while filling in a deposit form at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

HDFC Bank Q4 Review - Business Momentum Steady: Motilal Oswal

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.

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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