NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Asset quality: Annualised gross slippage ratio of HDFC Bank Ltd. for Q3 FY24 was 1.0% (Rs 70 billion), with recoveries and upgrades amounting to Rs 45 billion.
Margin picture: Net interest margin at 3.4% was flat QoQ, as sequentially yield on assets and cost of funds have moved up in tandem.
Asset growth: Advances grew 4.9% QoQ on comparable basis, sequentially driven by retail segment and commercial and rural banking segment.
Opex control (QoQ comparable): Total opex rose 3.6%/28% QoQ/YoY, employee expenses rose 3.5%/30% QoQ/YoY and other expense rose 3.7%/27% QoQ/YoY.
Fee income: Fees and commissions were flat QoQ, where retail fee income constitutes 94% of the total fee income.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
