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Q1 Results: Key Highlights Of HDFC Bank, Kotak Bank And More

Resources from Accenture, Oracle and Infosys worked towards it resolving the issues, said CEO Ashok Vaswani.

<div class="paragraphs"><p>An HDFC Bank branch. (Photo: Vijay Sartape/NDTV Profit)</p></div>
An HDFC Bank branch. (Photo: Vijay Sartape/NDTV Profit)
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HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Yes Bank Ltd. and RBL Bank Ltd. will declare their earnings for the quarter ended June on Saturday. HDFC Bank is expected to post a bottom-line print of Rs 15,652 crore for the three months through June, according to analysts' estimates compiled by Bloomberg. Kotak Mahindra is expected to post a profit of Rs 3,760 crore, while Yes Bank is expected to log a bottom-line of Rs 376.4 crore.
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HDFC Bank Securitised Rs 5,000 Crore Worth Mortgage Assets In Q1: CFO  

  • The bank has securitised Rs 5,000 crore worth of mortgage assets in the June quarter, according to Srinivasan Vaidyanathan, chief financial officer.

  • There is no number we have to hit as such and there are some investors who would like to hold mortgage assets in a securitised form.

  • This is only a start and the bank will continue to do securitisation, loan assignment, etc., Vaidyanathan said.

Source: Q1 FY25 media call.


HDFC Bank CFO On Wholesale Advances In Q1 

  • The demand is looking strong for wholesale advances, according to Srinivasan Vaidyanathan, chief financial officer.

  • Wholesale loan pricing is still looking benign and the risk spread available on loans is looking very thin.

  • The bank is reviewing which opportunities we want to participate in, Vaidyanathan said.

Source: Q1 FY25 media call.


HDFC Bank CFO On Low Deposit Growth In Q1 

  • The first quarter is the low deposit accretion quarter for any bank, while the fourth quarter is the highest, Srinivasan Vaidyanathan, chief financial officer said.

  • Available liquidity in the system was negative by about Rs 50,000 crore.

  • Retail contributes 84% of total deposits for HDFC Bank and current account constitutes 11% of total deposits.

  • Have added Rs 54,000 crore current account deposits in March quarter, which was the highest in any quarter.

Source: Q1 FY25 media call.


HDFC Bank's Balance Sheet Remains Resilient: HDFC Bank CFO 

  • Rural demand indicators have started to improve, according to Srinivasan Vaidyanathan, chief financial officer, HDFC Bank.

  • Manufacturing and services PMI showing improvement.

  • HDFC Bank's balance sheet remains resilient, Vaidyanathan said, adding that the agricultural segment impacted NPA this quarter.

  • Annualised credit cost was at 42 basis points during the quarter.

Source: Q1 FY25 media call.


HDFC Bank Board Approves HDB Financial Services IPO

  • The private lender's board has given in-principle approval to initiate listing process of HDB Financial Services via an initial public offering.

  • There is a mandatory requirement to list by September 2025.

  • The Board has delegated the powers to a committee of directors to undertake various steps in this regard.

Source: Exchange filing.
























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