HDFC Q3 Review - Revival In Individual Book; Provision Cover Buoyant: ICICI Direct 
The Housing Development Finance Corp. (HDFC) logo is displayed inside the bank’s branch in Mumbai, India. (Photographer Vivek Prakash/Bloomberg)

HDFC Q3 Review - Revival In Individual Book; Provision Cover Buoyant: ICICI Direct 


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ICICI Direct Report

Housing Development Finance Corporation Ltd. posted better-than-expected profitability on account of better than estimated topline growth.

Pick-up in individual business and broadly stable asset quality were also a hallmark for the quarter.

Overall asset quality performance was healthy as proforma gross non-performing asset was marginally up approximately 8 basis points QoQ to 1.91%.

Proforma GNPA in individual and non individual book was at 0.98% and 4.35% versus 0.88% and 4.19% QoQ, respectively.

Collection efficiency in individual loans for December 2020 improved to 97.6% versus 96.3% QoQ while overall collection efficiency remained at ~92%.

Click on the attachment to read the full report:

ICICI Direct HDFC Ltd. Q3FY21 Result Update.pdf


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.

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