HDFC Bank — India's largest lender by market value — is all set to report its quarterly financial results on Saturday. Analysts in a CNBC-TV18 poll expect the banking behemoth to report a net profit of Rs 9,409 crore for the April-June period — an increase of 21.7 percent compared with the quarter ended June 2021.
They expect HDFC Bank's net interest income — or the difference between interest earned and interest paid — to come in at Rs 19,581.7 crore, a year-on-year increase of 15.1 percent.
The Street will closely monitor the lender's net interest margin — a key metric to gauge the performance of financial institutions.
Analysts expect the lender's NIM as well as asset quality — determined by the percentage of bad loans in total loans — to remain stable backed by robust loan growth.
According to Kotak Securities, HDFC Bank's operating profit is expected to decline 14.9 percent compared with the year-ago period.
According to a business update for the three-month period, growth in deposits at the bank reached its highest level in seven quarters, and in loans the best in 113 quarters.
HDFC Bank reported a 19.3 percent on year increase in deposits to Rs 16.1 lakh crore and 21.6 percent in advances to Rs 14 lakh crore.
For the quarter ended March 2022, HDFC Bank reported a 24 percent on year rise in net profit to Rs 10,443.01 crore.
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