HDB Financial Services Ltd’s Q2FY21 PAT slidesHDB Financial Services Limited (HDBFSL) is a non-deposit taking non-banking finance company (‘NBFC’) and subsidiary of HDFC Bank Ltd offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises. As on September 30, 2020, HDFC Bank held 95.3% stake in HDBFSL.
The total loan book grew by 2.3% to Rs. 57,014 crore as on September 30, 2020 as against Rs. 55,759 crore as of September 30, 2019. During the quarter, HDBFSL increased its liquidity buffers, with Liquidity Coverage Ratio now at a healthy 214%, well above the regulatory requirement.
For the quarter ended September 30, 2020, HDBFSL’s net interest income was at Rs. 924.2 crore as against Rs. 971.1 crore in the previous quarter. Profit after tax for the quarter ended September 30, 2020 was Rs. 29.9 crore compared to Rs. 213 crore in the previous quarter.
As on September 30, 2020, Gross and Net NPA were 4.3% of gross advances and 3.1% of net advances respectively.
Total CAR was at 19.6% with Tier-I CAR at 14.6%. As on September 30, 2020, HDBFSL had 1,342 branches across 986 cities / towns.
Shares of HDFC Bank Ltd was last trading in BSE at Rs.1199 as compared to the previous close of Rs. 1169.15. The total number of shares traded during the day was 401346 in over 12293 trades.
The stock hit an intraday high of Rs. 1203 and intraday low of 1172.95. The net turnover during the day was Rs. 478414159.