HDFC Securities: Banking Sector Update -  Collection Efficiency, A Positive Surprise  
A customer withdraws a stack of rupee notes at a bank branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

HDFC Securities: Banking Sector Update - Collection Efficiency, A Positive Surprise  

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.

HDFC Securities Report

HDFC Securities’ overall universe reported negligible slippages at just 62 basis points and an 11.2/4.8% YoY/QoQ decline in reported Gross Non-Performing Assets, they stood at 8%.

Most banks reported a significant improvement in collection efficiency (most banks reported a collection efficiency of 90%+).

However, such disclosures lacked consistency in terms of (1) calculation (inclusion of overdues in the denominator), and (2) the reporting period.

Click on the attachment to read the full report:

HDFC Securities- Banking Sector Updatepdf.pdf

DISCLAIMER

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.