Prudent provisioning and recovery trends in retail segment, point to healthy earnings improvement in the H2 of FY21
Even as high-yielding retail loans continued to deliver muted growth, core net interest margins (NIMs) fell notably and provisions increased significantly, HDFC Bank delivered a resilient performance and reported 18 per cent YoY growth in net profit in the September quarter. While treasury gains helped boost overall earnings, higher liquidity in the balance sheet dragged NIMs. Strong traction in deposits, alongside healthy growth in corporate loans, has nonetheless aided earnings.

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Published on October 18, 2020
Quarterly Results HDFC Bank Ltd
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