IDBI Capital: HDFC Q2 Review - 96.3% Collections Efficiency In Individual Segment
Signage for HDFC Bank Ltd. is displayed in Mumbai, India. (Photographer Adeel Halim/Bloomberg)

IDBI Capital: HDFC Q2 Review - 96.3% Collections Efficiency In Individual Segment

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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.

IDBI Capital Report

Housing Development Finance Corporation Ltd.’s profit after tax declined by 28% YoY; however adjusted for dividend, sale of investments, net gains on assigned loans, provisioning and higher liquidity impact, profit before tax grew by 27% YoY.

Asset quality remains stable with stage-three assets at 2.2% versus 2.2% QoQ.

Collection efficiency for individual loans for September month stood at 96.3% while for non-moratorium customers stood at 99.5% is a key positive.

Click on the attachment to read the full report:

IDBI Capital HDFC Q2Fy21 Result Update.pdf

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