BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Housing Development Finance Corporation Ltd.'s FY21 earnings reflects its improving market positioning with capital buffer and efficiency, funding cost benefit and contained stress (stage-two/three pool at 8.7%).
Despite weak real estate sentiment amidst Covid-19 and 27% exposure to non-individual segments, credit cost was mere 60 basis points in Q4 FY21 as well as FY21.
On stress pool (stage-two/three) of 24%/3% in non-individual/individual segments, the bank is carrying provisions of 8.16%/0.65%.
On individual loans, disbursement growth of 60% YoY (3% for FY21) suggests gain in market share.
Non-individual assets under management growth under pressure due to repayments, pre-payments and cautious stance.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
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.
