“When you look at the financial results, and you need to look at all the financial parameters, We have delivered on the primary financial and operational parameters,” Sukthankar said, adding a loan growth in the high 20 per cent is possible only when GDP growth goes to the 7.5 to 8 per cent range can get PAT growth back to 30 per cent.(More) For the entire fiscal 2013-14, net profit jumped 26 per cent to Rs 8,478.4 crore.
“HDFC Bank's numbers came largely in line with our expectations. Core performance was aided by 0.20 per cent q-o-q improvement in NIM along with strong loan growth,” Saday Sinha, banking analyst at Kotak Securitas, said.
The HDFC Bank scrip closed up 1.36 per cent at Rs 726.35on the BSE, whose benchmark Sensex ended flat.
On the asset quality front, gross non-performing assetsratio was flat at 0.98 per cent at Rs 2,989.3 crore, while the restructured assets continued to be at 0.2 per cent of the book.
There was a decrease in the provisions for bad assets at Rs 286 crore as against the Rs 300 crore in the year-ago period.
The commercial vehicle and construction equipment financing, which had been a sore area for a few quarters, is also stabilising, he said.
Updated on: April 22, 2014 21:06 IST
