Key takeaways from HDFC Bank results

Bank continues to post strong growth, with all-round performance from both retail and wholesale segment

HDFC Bank has posted a 30 per cent net profit growth along with robust loan and deposit growth

• Net interest income posted a growth of 22.3 per cent to Rs 3,484.1 crore in June 2012 quarter as compared to the same period in 2011.
• Net profit grew by 30.6 per cent at Rs 1,417.4 crore.
• Loan growth of 21.5 per cent to Rs 213,338 crore.
• Deposit grew by 22 per cent at Rs 257,531 crore.
• Net interest margin (NIM) of 4.3 per cent.
• Other income jumps by 36.6 per cent at Rs 1,529.5 crore; thanks to a 23.9 per cent growth in fees and commissions.
• Cost to income ratio increased from 48.3 per cent to 49.2 per cent.
• Savings deposit grew 18.4 per cent to Rs 76,674 crore and current deposit grew by 7.4 per cent to Rs 41,682 crore. Term deposit however, grew by 29.4 per cent taking CASA to 46 per cent.
• Capital adequacy ratio (CAR) fell from 16.9 per cent to 15.5 per cent.
• Net NPA fell from 1.04 per cent to 0.97 per cent.

Comments

HDFC Bank continues to post strong growth, with an all-round performance from both retail and wholesale segment. Higher growth in fee income has helped the company post a healthy 30 per cent bottomline growth. A high CASA (current account saving account) of 46 per cent resulted in the bank keeping its net interest margin (NIM) high at 4.3 per cent.