'
HDFC Bank conducted a conference call on 20 July 2024 to discuss the financial results for the quarter ended June 2024. Sashidhar Jagdishan, MD&CEO of the bank addressed the call:
Highlights:
The bank remains focused on stability of key metrics and achieve some objectives of medium to long term during the period of transition post merger.
The bank aims to continue to grow deposits faster than advances and reduce credit deposit ratio.
Post merger, the bank has maintained key metrics in the narrow range such as margin at 3.4-3.5% with rising bias, CASA ratio at 36-38%, cost to Income ratio 40-41%, RoA 1.9-2.1%, GNPA 1.2-1.4% etc.
The bank has added 2.2 million new liability relations in Q1FY25.
The bank is maintaining stability in the key metrics despite its aim to reduce CD ratio faster than expected.
The deposit growth has been below expectation. The bank witnessed large inflows in the current account during Q4FY2024 which ran down during Q1FY2024 impacting th...
Pleaselogin & subscribe to view the full report.
More Reports
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
(09-Feb-2023)
Mayur Uniquoters
Targets revenue of Rs 1000 crore in FY24
-
(31-Jan-2023)
Tega industries
Capex plan is US$ 30-32 million for next three years
-
(15-Dec-2021)
ITC
Company plans capex of Rs 10,000 crore over the next three years to create growth vectors
|
|