After adjusting dividend, revenue on sale of investments, web positive aspects on derecognition of assigned loans, provisioning and the affect of destructive stick with it account of upper liquidity, the revenue development was 22 per cent year-on-year (YoY), the corporate stated.
How a lot did the agency earn?
HDFC reported a web revenue of Rs 3,052 crore, down 4.7 per cent. Web curiosity earnings (NII) for the quarter rose 10 per cent to Rs 3,392 crore. The lender stated its web curiosity margin for the quarter stood at 3.1 per cent in contrast with year-ago’s 3.Three per cent.
How did Covid-19 affect the corporate?
The retail enterprise was impacted throughout the quarter. Nonetheless, successive month-on-month enhancements have been seen within the particular person loan enterprise since April 2020, with June 2020 disbursements being 68 per cent of corresponding month within the earlier yr, it stated. Whole disbursements had been 71 per cent of the earlier yr.
“The average size of individual loans stood at Rs 24.6 lakh (compared to Rs 27 lakh in FY20). The lower average loan during the quarter was largely on account of the fact that a number of Tier-1 cities were under lockdown,” the corporate stated in a press release.
It added that 40 workplaces at an all-India stage are quickly shut as numerous areas cycle out and in of lockdowns.
What was the asset development?
As at June 30, the property below administration (AUM) stood at Rs 5,31,555 crore as towards Rs 4,75,933 crore within the earlier yr. Three-fourth of its loan e book consisted of particular person debtors.
On an AUM foundation, the expansion within the particular person loan e book was 11 per cent. The expansion within the non-individual loan e book was 15 per cent. The expansion within the whole loan e book was 12 per cent.
What’s the replace on moratorium?
The corporate stated particular person loans below the primary three months accounted for 22.6 per cent of the person loan portfolio. 27.Zero per cent of the company’s whole loans below administration had been below moratorium.
After the extension of moratorium, as of date, particular person loans accounted for 16.6 per cent of the person loan portfolio. 22.Four per cent of the company’s whole loans below administration have opted for the prolonged moratorium.
What’s the scenario on dangerous loans?
The gross non-performing loans as at June 30 stood at Rs 8,631 crore (as in comparison with Rs 8,908 crore as at March 31, 2020). That is equal to 1.87 per cent of the loan portfolio down from 1.99 per cent as at March 31.
The non-performing loans of the person portfolio stood at 0.92 per cent whereas that of the non-individual portfolio stood at 4.10 per cent.
“The provisions as at June 30 stood at Rs 12,285 crore. The provisions carried as a percentage of the exposure at default (EAD) is equivalent to 2.64 per cent. The corporation’s expected credit loss stood at Rs 1,199 crore, against previous year’s Rs 890 crore. This includes a Covid-19 provision of Rs 404 crore made during the quarter,” stated the corporate.