The lender moderated loan growth in Q4 in favour of a strong focus on deposit mobilisation. Exceptional income will also likely bolster quarterly earnings in a challenging environment.
HDFC Bank Q3 Results: HDFC Bank will release its earnings for the December quarter today, which will be the second earnings release after the merger with parent company Housing Development Finance Corporation. Analysts will focus on the sequential growth in numbers to assess the bank s performance post-integration.
HDFC Bank is expected to report a double-digit year-on-year growth in net profit for Q3. Net interest income is likely to grow 21% YoY. The bank s net profit is seen rising 28.4% YoY to Rs 15,739 crore. Sequentially, net interest income will see a moderate 6% growth while profit may drop 1.5%.
This marks HDFC Bank's first quarterly financial report following its merger with mortgage lender Housing Development Finance Corporation (HDFC), which became effective on July 1., Companies News, Times Now