INSUBCONTINENT EXCLUSIVE:
MUMBAI: Private lender HDFC Bank beat Street estimates by a wide margin when it posted a 32.8 per cent year-on-year (YoY) rise in December
quarter profit on Saturday, on the back of higher interest and fee income.
The Q3 profit figure came in at Rs 7,416.48 crore, higher than a
income:Net interest income (interest earned less interest expended) in December quarter grew to Rs 14,172.9 crore from Rs 12,576.8 in the
It was driven by growth in advances of 19.9 per cent, and a growth in deposits of 25.2 per cent
The net interest margin for the quarter remained stable at 4.2 per cent.
Other income: Other income (non-interest revenue) came in at Rs
6,669.3 crore and was 32 per cent of the net revenues for the said quarter
This was against Rs 4,921.0 crore other income posted in the same quarter a year ago
non-performing assets (GNPAs) stood at 1.42 per cent of gross advances as on December 31, against 1.38 per cent as on September 30, and 1.38
Net non-performing assets (NNPAs) were at 0.48 per cent of net advances for the December quarter
Total provisions were 119 per cent of the gross non-performing loans as on December 31.
Balance sheet: The balance sheet size as of December
31 was at Rs 1,395,336 crore, a growth of 19.4 per cent from a year ago
Total deposits in Q3FY20 were at Rs 1,067,433 crore, an increase of 25.2 per cent over a year ago.
CASA deposits: CASA deposits grew by 21.5
per cent with savings account deposits at Rs 2,77,928 crore and current account deposits at Rs 1,43,900 crore.
Loan growth: As per
regulatory [Basel 2] segment classification, domestic retail loans grew by 14.1 per cent and domestic wholesale loans grew by 29.3 per cent
The domestic loan mix as per Basel 2 classification between retail: wholesale was 52:48
guidelines was at 18.5 per cent as on December 31 against a regulatory requirement of 11.075 per cent
Common Equity Tier 1 Capital ratio was at 16.2 per cent in Q3
14,533 ATMs /Cash Deposit - Withdrawal Machines (CDMs) across 2,787 cities.