{"id":128144,"date":"2022-03-07T11:25:20","date_gmt":"2022-03-07T16:25:20","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128144"},"modified":"2022-10-05T06:26:25","modified_gmt":"2022-10-05T10:26:25","slug":"hdfc-bank-q3-fy-22-research-tear-sheet","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hdfc-bank-q3-fy-22-research-tear-sheet\/","title":{"rendered":"HDFC Bank Q3 FY 22 Research Tear Sheet"},"content":{"rendered":"\n

HDFC Bank Limited<\/strong> is an Indian banking and financial services company. It has its headquarter in Mumbai, Maharashtra. It is incorporated on August 1994. The products include Credit cards, Consumer banking, Commercial banking, Finance and insurance, Investment banking, Mortgage loans, Private banking, Private equity and Wealth management.  The shares are traded on BSE and NSE. As per the latest data available in 2021 the company has a total employee count of 120,093.<\/p>\n\n\n\n

Key Financial Highlights<\/u><\/strong><\/p>\n\n\n\n

Rupees in Crores<\/td>Q3 2021<\/td>Q3 2020<\/td><\/tr>
Net Revenues<\/td>26,627.00<\/td>23,760.80<\/td><\/tr>
Net Profit<\/td>10,342.20<\/td>8,758.30<\/td><\/tr>
Operating Profit<\/td>16,776.00<\/td>15,186<\/td><\/tr>
Total Deposits<\/td>14,45,918<\/td>12,71,124<\/td><\/tr>
Total Advances<\/td>12,60,863<\/td>10,82,324<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The Bank\u2019s net revenues grew by 12.1% to \u20b9 26,627.0 crore.<\/p>\n\n\n\n

Net interest income Q3 2021 increased by 13.0% to \u20b9 18,443.5 crore.<\/p>\n\n\n\n

Advances up 16.5% reaching new heights driven through relationship management, digital offering and breadth of products.<\/p>\n\n\n\n

Pre-provision Operating Profit (PPOP) grew by 10.5% to \u20b9 16,776.0 crore.<\/p>\n\n\n\n

Profit before grew 17.1% to \u20b9 13,782.0 crore for Q3 2021.<\/p>\n\n\n\n

Deposits<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n

Total deposits grew by 13.8% to \u20b9 1,445,918 crore for Q3 2021. CASA deposits up by 24.6% with savings account deposits at \u20b9 471,029 crore and current account deposits at \u20b9 210,195 crore. Time deposits increased by 5.6% to \u20b9 764,693 crore. CASA deposits comprising 47.1% of total deposits as of Q3 2021.<\/p>\n\n\n\n

Advances<\/u><\/strong><\/p>\n\n\n\n

Total advances increased by 16.5% to \u20b9 1,260,863 crore. Retail loans grew by 13.3%, commercial and rural banking increased by 29.4% and corporate and other wholesale loans up by 7.5%. Overseas advances constituted 3.4% of total advances.<\/p>\n\n\n\n

Cash Flow<\/u><\/strong><\/p>\n\n\n\n

HDFC has a huge amount of liquidity and cash at disposal with people. In the wholesale segment, the corporate has strong cash flows across sectors presenting in a fair degree of prepayments. <\/p>\n\n\n\n

HDFC Subsidiaries<\/u><\/strong><\/p>\n\n\n\n

HDFC Securities Limited<\/u><\/strong><\/p>\n\n\n\n

HDFC Bank holds a 96% stake in HCL. For the quarter HSL\u2019s total income grew by 58% to \u20b9 535.6 crore. Profit after tax increased by 58% to \u20b9 258.0 crore in Q3 2021.<\/p>\n\n\n\n

HDB Financial Services Limited<\/u><\/strong><\/p>\n\n\n\n

The Bank held a 95.0% stake in HDBFSL. HDBFSL\u2019s net revenue grew 15% to 1,981.6 crores. . Profit after tax for the quarter grew \u20b9 304.1 crores. For Q3 2021, HDBFSL had 1,328 branches across 965 cities \/ towns.<\/p>\n\n\n\n

Conference Call Highlights:<\/u><\/strong><\/p>\n\n\n\n

Management Updates<\/u><\/strong><\/p>\n\n\n\n

The capital adequacy ratio is at 19.5%, CET1 at 17.1%.<\/p>\n\n\n\n

9.5 lakh card issuances.<\/p>\n\n\n\n

Credit cards print for the bank grew 22% y-o-y and debit card print has grown 14% y-o-y.<\/p>\n\n\n\n

The bank’s acquiring market share stands at 47% roughly with a 19% share in terminals processing.<\/p>\n\n\n\n

Business Updates<\/u><\/strong><\/p>\n\n\n\n

The bank has opened 93 branches in the quarter, 171 branches year-to-date nine month period.<\/p>\n\n\n\n

HDFC on-board little more than 5,000 people in the quarter, 14,300-plus people during the nine month period.<\/p>\n\n\n\n

Streamlined modern customer experience hub and allowed access to content across channels and devices.<\/p>\n","protected":false},"excerpt":{"rendered":"

HDFC Bank Limited is an Indian banking and financial services company. It has its headquarter in Mumbai, Maharashtra. It is incorporated on August 1994. The products include Credit cards, Consumer banking, Commercial banking, Finance and insurance, Investment banking, Mortgage loans, Private banking, Private equity and Wealth management.  The shares are traded on BSE and NSE. As […]<\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[151,9709,8754,2693,8200],"class_list":["post-128144","post","type-post","status-publish","format-standard","hentry","category-research-summary","category-research-tear-sheet","tag-banking","tag-commercial-banking","tag-consumer-banking","tag-investment-banking","tag-retail-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128513,"url":"https:\/\/alphastreet.com\/india\/hdfc-bank-q4-fy-22-research-tear-sheet\/","url_meta":{"origin":128144,"position":0},"title":"HDFC Bank Q4 FY 22 Research Tear Sheet","author":"sreerupa","date":"April 19, 2022","format":false,"excerpt":"HDFC Bank Limited\u00a0is an Indian banking and financial services company. 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