Motilal Oswal: HDFC Bank’s Business Trends Undergoing Swift Normalisation 
HDFC Bank Ltd. brochures are arranged for a photograph at the company’s bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: HDFC Bank’s Business Trends Undergoing Swift Normalisation 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 strong performance, with advances growth driven by the corporate segment. Select retail segments also showed signs of recovery, with credit card growing at 6% QoQ.

Operating performance remained stable, led by steady business growth and cost control.

However, margins moderated 20 basis point QoQ on account of higher liquidity and a change in the asset mix.

The bank further shored up provisions as it provided for Rs 2,300 crore toward potential non-performing asset (not declared due to the Supreme Court order) and other contingent provisions.

Click on the attachment to read the full report:

Motilal Oswal HDFC Bank Q2FY21 Result Update.pdf

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