HDFC Bank: Commendable Results but Technology Issues Remain

HDFC Bank Q3FY21– Yet Another ‘Steady’ Quarter Underpinned by Strong Growth in Wholesale Loans

India Financials

Saumya Agarwal

Equity Bottom-Up

<p>HDFC Bank, reported its Q4FY21 results today. With the Supreme Court lifting the stay on NPA classification, all eyes were on the asset quality of the Bank. Covid seems to have impacted the Retail book more, for HDFC bank as it resorted to resolution of personal loans and also dipped into contingent provisions, thereby keeping the NPA’s at bay.  All other parameters were largely steady</p>

HDFC Bank, reported its Q4FY21 results today. With the Supreme Court lifting the stay on NPA classification, all eyes were on the asset quality of the Bank. Covid seems to have impacted the Retail book more, for HDFC bank as it resorted to resolution of personal loans and also dipped into contingent provisions, thereby keeping the NPA’s at bay.  All other parameters were largely steady

HDFC Bank Q4FY21:Covid Impacts Retail Book Even as Resolution of Retail Loans Keeps NPA's at Bay