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Country’s largest lender HDFC to release its Q3 Annual Report

The time has come for those waiting to get the results regarding loan loss provision by HDFC. The company is going to announce its quarterly earnings today on Jan 16.

For the quarter ended on December 2020, the bank is expected to report more than 15% year-on-year profit growth.

Also, it can be expected to see a 15% growth in net income driven by credit growth. A stable margin rate is expected as well.

The review on near term asset quality trends along with credit cards and fee income traction are the key highlights to notice.

Also, the analysis of quantum of restructuring, which is probably expected by Q4FY21 is another main highlight to be observed.

The bank previously announced loan growth of 16% at Rs 10.82 lakh crore along with growth of 19% at Rs 12.71 lakh crore for deposits.

Kotak Institute of Entities also quoted regarding expectation of YOY profit growth by 16.9 % for the quarter. Along with this, a low profit rate of 11%  can also be anticipated.

A strong CASA ratio can be looked forward on the basis of CASA ratio of 43% on December 2020. A marginal increase of 2-3% YoY can be seen with the loan loss provision.

Backed by loan growth, the improved NII growth may result in profit with the slight marginal increase in provisions.

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