HDFC Bank Ltd.

HDFC Bank is a commercial banking group based in India. Co. is engaged in providing banking and financial services. Co.'s operations are organized along four segments: Treasury, which includes its investment operations; Retail Banking, which serves retail customers with deposit products, loans and other services through a branch network and other delivery channels; Wholesale Banking, which provides loans, non-fund facilities and transaction services to corporations, public sector units, government bodies, and medium scale enterprises; and Other Banking Business, which includes para banking activities such as credit cards and debit cards.
  • TickerHDFCBANK
  • ISININE040A01026
  • CountryIndia


HDFC Bank Ltd: 1 director sold

A director at HDFC Bank Ltd sold 82,043 shares at 774.323INR and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Mahrukh Adajania

HDFC bank's Q2FY20 results (Outperformer) - Good numbers in a bad environment

Q2FY20 results highlights PAT of Rs63.5bn grew 27% yoy / 14% qoq much higher than the average PAT growth of 20% yoy since 1QFY15, driven by a lower tax rate. While lower taxation, strong loan growth and higher profit on sale of investments were the positive earnings drivers, slower NII growth and slower balance sheet growth were the key negatives.  Loans grew strongly at 19% yoy / 8% qoq driven by corporate loans while retail loan growth moderated due to weak growth in vehicle loans. Retail loans grew 15% yoy while non-retail loans grew strongly at 25% yoy / 13% qoq. Mgmt explained that in...

Mahrukh Adajania

HDFC Bank's Q1FY20 results (Outperformer) - A bit soft but still strong. Early warning signals for retail stress

Q1FY20 results highlights HDBK reported strong and in-line earnings growth in a weak environment for financials. PAT grew 21% yoy but declined 5% qoq. Loan growth was the slowest in the last 10 quarters at 17% yoy and 1% qoq. NIMs rose yoy 10bps but fell 10 bps qoq. NII growth of 23% yoy remained strong with softer loan growth but higher yoy margins. High NII and trading gains helped offset slower fee growth. Core PPOP grew 22% yoy and 3% qoq better than 20% yoy in 4Q. Loans grew 17% yoy and 1% qoq. While loan growth remained higher than the sector’s, it is at a 10-quarter low, pulled down...

Nitin Aggarwal

MOSL: HDFC BANK (Buy)-In-line performance-prudential provisioning to facilitate steady earnings growth

HDFC BANK: In-line performance; prudential provisioning to facilitate steady earnings growth (HDFCB IN, Mkt Cap USD94.3b, CMP INR2376, TP INR2750, 16% Upside, Buy)   HDFCB reported 1QFY20 PAT of INR55.7b (+21% YoY, in-line). The bank stepped up provisions on the unsecured book, created a contingent provision of INR1.6b and additional general provision of INR0.9b toward the NBFC/HFC sector. NII grew 23% YoY to INR132.9b (in-line), while margins contracted 10bp QoQ to 4.3%. Core fee income grew 12% YoY to INR35.5b; treasury gain of INR2.1b boosted other income growth to 30% YoY. Opex gre...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Emerging Markets Strategy

The MSCI EM index continues to develop positively from a price perspective and we expect higher prices ahead. RS for the MSCI EM index is consolidating when compared to the MSCI EAFE index, which we believe is largely due to consolidation in the U.S. dollar. Therefore, the direction of the dollar will be critical for EM equities. A breakout in the USD may begin to create problems for EM, whereas a failure to break above 97.70-98 resistance and a gradual weakening of the USD should be an environment where EM can outperform. Below we highlight attractive and actionable themes within EM: • EM C...