16 Jan 2022 , 07:16 PM
HDFC Bank saw all round growth across treasury, wholesale banking and retail banking. Even operating profits across treasury, wholesale banking and retail banking were up on yoy basis.
The provisions for doubtful assets in the Dec-21 quarter at Rs3,816cr was 12% lower compared to the Dec-20 quarter.
The net interest income (NII) for Dec-21 quarter was up 13% at Rs18,444cr while the net interest margins (NIM) was stable at 4.1%. The cost to income ratio for the quarter stood at 37.1%.
Due to falling interest rates, the credit costs were lower at 0.94% compared to 1.25% in the year ago quarter. Operating margin or OPM expanded from a level of 40.50% in Dec-20 to 41.59% in Dec-21 quarter.
Consequently, the PAT margins improved from 18.90% to 19.50% in the same period. The CASA deposits comprised 47.1% of the total deposits as of Dec-21 quarter.
Financial highlights for Dec-21 compared yoy and sequentially
HDFC Bank | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income | ₹ 43,365 | ₹ 39,839 | 8.85% | ₹ 41,436 | 4.65% |
Operating Profit | ₹ 18,034 | ₹ 16,136 | 11.76% | ₹ 17,036 | 5.86% |
Net Profit | ₹ 10,591 | ₹ 8,769 | 20.78% | ₹ 9,076 | 16.70% |
Diluted EPS | ₹ 19.00 | ₹ 15.80 | ₹ 16.30 | ||
Operating Margins | 41.59% | 40.50% | 41.11% | ||
Net Margins | 24.42% | 22.01% | 21.90% | ||
Gross NPA Ratio | 1.26% | 0.81% | 1.35% | ||
Net NPA Ratio | 0.37% | 0.09% | 0.40% | ||
Return on Assets | 0.56% | 0.55% | 0.50% | ||
Capital Adequacy | 19.50% | 18.90% | 20.00% |
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