HDFC Bank Q2 preview: Profit seen 22% higher; growth in retail loans eyed

For the recently concluded quarter, the slippages are expected to show mixed trend as analysts eye stable numbers from the agri-sector but warn of stress in the retail space

Change in deferred tax asset (DTA) amount due to the government’s decision to rationalise corporation tax rate may hamper HDFC Bank’s September quarter (July-Sept) numbers for the financial year 2019-20 (Q2FY20). The bank, analysts say, may still post a 22 per cent year-on-year (YoY) growth in net profit at around Rs 6,164 crore, when it reports its earnings on Saturday, October 19. 

Analysts at Emkay Global Financial Services believe that despite the bank enjoying the overall benefit of the tax rate cut, its DTA could