India Earnings Season: HDFC reports Q1 difficulties (BANK RESULTS SEASON)

Fee Income has trended down as bank and insurance dividend is due only in Q2 and Home loan growth has been compensated by growth in Tier 2 and Tier 3 cities. 

Provisions carried against NPLs was INR1671 Crores or INR 16.71 B for March 2012  prefaced by Auditors report to respond to the Macquarie saga

Q1 PAT has come at INR 10B or INR 1000 Crs yearly growth continuing at near 20% levels Loan book is up 23% at INR 1.6Tln and the stock has started falling on probably a lower Sales score. 

the Housing maajor enjoys 4.2% NIMs Data is slo as the audited results are being discussed

 

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One thought on “India Earnings Season: HDFC reports Q1 difficulties (BANK RESULTS SEASON)

  1. Pingback: So, why don’t you think Dynamic provisioning norms will hurt banks? « A blog of blogs

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