InvestorQ : How were the results of HDFC Bank over the week end?
sarah Leo made post

How were the results of HDFC Bank over the week end?

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Rashi Mehra answered.
2 weeks ago
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HDFC Bank reported standalone net profit for Q4 at Rs.8,186 crore, up 18% yoy. However, profits were lower 6.5% on sequential basis. HDFC Bank saw a healthy 12.6% growth in net interest income or NII at Rs.17,120 crore.

There was visible growth in loan volumes even as the yields on loans were lower due to falling interest rates. Gross NPAs of HDFC Bank as of Mar-21 stood at 1.32% while net NPAs were stable at 0.40%. ROA was healthy at 0.50%.

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