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Yes Securities Report
Housing Development Finance Corporation Ltd. posted a strong performance in Q3 FY22 with sustained solid traction in individual loans (portfolio up 5% QoQ/16% YoY) and an improvement of 90 basis points in portfolio-at-risk 30 and 20 basis points in gross non performing loans (ex. Reserve Bank of India circular impact).
Net interest margin/net interest income growth was impacted to an extent by liquidity build‐up on the balance sheet for liquidity coverage ratio requirement.
HDFC's high collection efficiency during the quarter drove material correction in 30 plus days past due in both individual loans (50 bps) and non‐individual loans (140 bps).
Recategorised loans due to RBI November circular were Rs 27.6 billion (51 bps of loans); 30 bps within individual loans and 120 bps in non‐individual portfolio.
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