Bank Results Season: HDFC Bank ends fiscal at 24% growth

HDFC Bank’s $290.6 mln in profits and $678 mln in Net Interest income more or less echo Q3 December performance with other income also static at $298 mln or INR 14.9 bln, PAT INR 14.53 BLN and Net Interest Income INR33.90 bln Thus there is no undue increase in NPAs nor any hit to NIMs in the tumultous last three months to the fiscal even as india Inc managed to close the fiscal at 17% credit growth and more seemingly in the last week. 

NBFC exposure t o Gold loans has been capped at 7.5% but HDFC Bank depends on its own originated business and now over 200 odd rural loan melas for auto and personal loans. Also whitel label ATM business may find a good competitive spirit for the Indian “ATM building Industry” fromt he Indian example in entrepreneurship with local values and global investing.

NII has grown sequentially by around 9% and Fee Income by 5%, Net Margin being constant to rpoduce the same level of profits.


2 thoughts on “Bank Results Season: HDFC Bank ends fiscal at 24% growth

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