HDFC Bank Q3 profit seen at ₹7,818 crore
HDFC Bank will declare its Q3 FY21 results on Saturday..Premium
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MUMBAI :
Private sector lender HDFC Bank is expected to post a net profit of ₹7,818.2 crore in the three months to December, 5% higher than ₹7,416.48 crore reported in the same period last year, according to an average of estimates by 15 analysts polled by Bloomberg.
The bank will declare its Q3 FY21 results on Saturday.
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. 07:17 AM IST
Analysts at Emkay Research said overall business momentum for HDFC Bank remains healthy, compared to the industry. A structurally better cost-income ratio and high provisioning buffer (0.7% of loans in Q2) should help absorb the ensuing moderate asset-quality risk, leading to continued healthy return ratios, it said.
provision that service. so we have kind of been lulled into it and it started out quite benign. but what ended up happening now is that we are now the product. so that all of these different companies have data on us and they are combining to share the data. it s not is much that they have a right to do it. it s just that we haven t stopped them from doing it. tucker: so i have read where you wrote that facebook knows when you are relationships are failing. that seems like a level of intimate knowledge that your priest doesn t know that. no, that s true. you know, but, remember, that people are putting this information on facebook. and so it s really a function of becoming more discriminating about what data you share and how share it with this all goes back to a particular theme. because of that provisioning model, these central authorities, the large e. tech companies and smaller tech companies, frankly, have begun to amass data on
phone, your laptop, your desktop. your car, children s toys. there is now with the discussion about internet of things. your refrigerator is going to collect data on you. it s not just the collection of data. it s not a function of this data being stored in isolated silos. what s now is this data is being cross-referenced and being analyzed and what would normally be a patchwork quilt sort of effect into our lives now they have a complete full picture of our life and our lifestyle. tucker: that s that is the key point what you just said. i think most people don t know it s never talked about in public. really simple question. why do they have the take kid s toys or refrigerator and give it to someone else and use against you in effect. the unfortunate nature of the current internet is that it grew up in what is called a provisioning model. so if you want to use email service, for example, you would go to google and
google and provision of service. so we ve kind of been lulled into it. it started out benign. what ends up happening now is that we are now the product, so that all the different companies have data and it is not so much that t they have a right to do , it is just that we have it to stop doing it. tucker: i read where you wrote that facebook knows when you your relationships are failing. that seems like a level of intimate knowledge that your priest doesn t know that you. that s true. [laughs] remember that people are putting this information on facebook, and so it s really a function of becoming more discriminating about what data you share and who you share it with, but this all goes back to a particular theme. because of that provisioning model, the central authorities, the larger tech companies and smaller tech companies, frankly, have begun to amass data on us. the only way that you can really
more devastating than that. but irma doesn t outdo the spirit and will of the folks. we are really working to get folks getting folks relief supplies. water, food, medical supplies. we ve evacuated our hospital, which was destroyed on st. thomas and we evacuated all patients, got them safely on facility in st. croix and puerto rico. and the dialysis community is taken care of, but the devastation is hard, and the people are the virgin islands and the virgin islands need help. what is that help, governor? talk about it. let s what do you need in the next month and then what do you need over the next six months? i assume you ve got the quick asks and the long-term asks. that s correct. our federal partners, president trump in particular, have been really good, really awesome. the federal cabinet has been here one by one, and we are provisioning and loading up lots