HDFC Bank

Earnings in line; Balance Sheet strengthens further

Equity Bottom-Up
126 Views, 18 Jan 2022 17:03
EXECUTIVE SUMMARY

HDFCB reported an in line quarter, with NII/PPOP growth of 13%/10.5% YoY. PAT grew 18% YoY to INR103.4b (in line). Profitability stood stronger despite the bank creating additional provisions of INR9b, taking the total buffer to ~INR86.4b (~70bp of loans). The bank witnessed a healthy pickup in business as loans grew 5.2% QoQ. The Retail segment grew 13.3% YoY, while Commercial and Rural Banking...

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Motilal Oswal
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Motilal Oswal Financial Services Limited
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Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial ... 

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