HDFC Bank Q2 net up 18% to Rs 8,834 cr, steady rise in interest, fee income

Lavern Vogel

The country’s most significant private lender, HDFC Bank, posted a 17.six per cent rise in internet income at Rs eight,834.three crore in the second quarter finished September 30, 2021, on strong growth in cash flow streams including desire and charges and commissions.

The lender experienced posted a internet income of Rs seven,513.1 crore in the quarter finished September 2020 (Q2FY21). Sequentially, its income was up about fourteen per cent from Rs seven,729.six crore in June 2021 (Q1FY22).

Web desire cash flow (NII), desire gained a lot less desire expended, in Q2FY22 rose by 12.1 per cent, yr-on-yr, to Rs 17,684.4 crore from Rs 15,776.4 crore a yr in the past. The Web Interest Margin (NIM) was secure at 4.1 per cent in Q2FY22. It experienced exact NIM degree in Q2FY21 and Q1FY22.

The Bank in submitting with BSE claimed the non-desire cash flow confirmed a potent rate of growth at 21.five per cent to Rs seven,400.eight crore in Q2FY22 about Rs six,092.five crore in the exact quarter last yr. The charges & commissions grew to Rs 4,945.nine crore from Rs three,940.three crore in Q2FY21. The foreign exchange & derivatives revenue had been up at 867.three crore from Rs 560.4 crore a yr in the past.

However, its gains on sale/revaluation of investments fell sharply to Rs 675.five crore in Q2FY22 from Rs 1,016.2 crore a yr in the past. The miscellaneous cash flow, including recoveries and dividend, rose to Rs 912.1 crore from Rs 575.six crore.

HDFC Bank’s provisions and contingencies rose marginally in Q2FY22 to Rs three, crore as against Rs three,703.five crore in Q2FY21, the lender extra.

Inside of this, the precise bank loan reduction provisions grew sharply to Rs 2,286.4 crore from ₹ 1,240.six crore. However, the normal and other provisions fell to Rs 1,638.three crore from Rs 2,462.nine crore.

Asset excellent confirmed balance with gross non-performing belongings (NPAs) at 1.35 per cent in Q2FY22, down from 1.37 per cent on a proforma basis a yr in the past. In the second quarter last fiscal yr (FY21), the Supreme Court experienced imposed an interim remain on classifying overdue accounts as NPA amid 1st wave of the pandemic.

Its internet NPAs had been up at .40 per cent in September 2021, from .17 per cent a yr in the past. It held floating provisions of Rs 1,451 crore and contingent provisions of Rs seven,756 crore as on September 30, 2021.

Complete deposits had been up by fourteen.4 per cent at Rs fourteen.06 trillion about September 30, 2020. The share of small price-recent account and discounts accounts (CASA )–was forty six.eight per cent of total deposits as of September 30, 2021.

Complete developments grew 15.five per cent to eleven.ninety eight trillion. The retail loans grew by 12.nine per cent, commercial and rural banking loans grew by 27.six per cent.

The Funds Adequacy Ratio (Automobile) was at twenty per cent as on September 30, 2021, significantly higher than a regulatory need of eleven.07 per cent.

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