Jagdishan also said that approximately 85 per cent of the incremental home loan disbursals are now being done to customers having an HDFC Bank account, as against approximately 30 to 35 per cent before the merger.
HDFC Bank Q1 FY25 Results Preview: Country’s largest private sector lender will report its financial results for the first quarter of FY25 on Saturday, July 20. Various experts and analysts have predicted the performance of the bank in their research report.
Lender will be growing its advances slower than the deposits, and focus on getting the credit-deposit ratio to the pre-merger levels, according to a top bank official.
In the annual report of the country’s largest private sector lender, its managing director and chief executive Sashi Jagdishan suggested that profitability will also be a core aspect of its strategy.
Jagdishan said the bank which merged its home loan-focused parent HDFC Ltd with itself last July is passing through a phase of “adjustment” where it will be focusing on adequate liquidity buffers, and repaying HDFC’s borrowings on maturity and also before that.
“During this time of adjustment, the Bank would grow its advances a little slower than the deposit growth,” he said in the message to shareholders.
Zee Business Experts researchers team have predicted about the performance of the lender in the first quarter of FY25. Check what you can expect on different parameters from HDFC Bank.
HDFC Bank NIMs FY25 Q1 Results Expectations
According to Zee Business research, HDFC Bank is estimated to register a standalone net profit of Rs 15,915 crore for the quarter ended June 30, which may jump 33.1 percent on a year-on-year basis. The analysts also expect the lender’s net interest income (NII) – or the difference between the interest earned and the interest paid – to grow 25.6 per cent to Rs 29,635 crore for the first quarter of the current financial year.
HDFC Bank’s net interest margin (NIM) – a key measure of profitability for financial institutions – is pegged at 3.40 per cent for the fiscal first quarter of FY25, as against 3.44 per cent for the previous three months.
(With Inputs From PTI)