Q2FY13 Results: How ICICI, Axis and HDFC Bank numbers stack up

Written By Unknown on Senin, 29 Oktober 2012 | 10.54

Mon, Oct 29, 2012 at 09:05

As expected, India's top three private sector lenders continued to be in favour with investors post second quarter earnings. Even as fear of bad loans looming large, these lenders managed to retain their asset quality and recorded better-than-expected non-performing assets.

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Q2FY13 Results: How ICICI, Axis and HDFC Bank numbers stack up

As expected, India's top three private sector lenders continued to be in favour with investors post second quarter earnings. Even as fear of bad loans looming large, these lenders managed to retain their asset quality and recorded better-than-expected non-performing assets.

Like this story, share it with millions of investors on M3

Q2FY13 Results: How ICICI, Axis and HDFC Bank numbers stack up

As expected, India's top three private sector lenders continued to be in favour with investors post second quarter earnings. Even as fear of bad loans looming large, these lenders managed to retain their asset quality and recorded better-than-expected non-performing assets.

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Riken Mehta & Saikat Das
Moneycontrol.com

As expected, India's top three private sector lenders continued to be in favour with investors post second quarter earnings. Even as fear of bad loans looming large, these lenders managed to retain their asset quality and recorded better-than-expected non-performing assets.

 

Both Axis Bank and ICICI Bank have made provisions for their exposure in debt-ridden Deccan Chronicle wherein they loaned around Rs 400 crore and Rs 500 crore respectively. Going forward, the lenders ruled out any major pressure on credit quality. However, HDFC Bank remained insulated from such big loan restructuring cases and maintained its momentum in growing net profit over 30% for so many quarters with good asset quality. It gives mostly short term working capital loans to corporate clients unlike the other two banks, which participate in extending long term project loans too.

For loan book growth, all banks have surpassed the projected industry credit growth of 16% by wide margin even in the so-called slack season (April-September).


Particulars ICICI Bank Axis Bank HDFC Bank
NII Growth
YoY 34.5% 15.9% 26.7%
QoQ 5.6% 6.7% 7.1%
PAT Growth
YoY 30.1% 22.1% 30.1%
QoQ 7.8% -2.6% 10.1%
Loan Book Growth
YoY 17.6% 22.9% 22.9%
QoQ 2.5% 0.6% 8.6%
Deposit Growth
YoY

14.80%


21.2% 18.7%
QoQ

5.10%


5.8% 6.4%
Net Interest Margins 3.00% 3.46% 4.20%
Gross NPA 3.54% 1.10% 0.91%
YoY UNCH Up 2 bps Down 9 bps
QoQ Down 60 bps Up 4 bps Down 6 bps
Net NPA 0.78% 0.30% 0.20%
YoY Down 15 bps Down 1 bp UNCH
QoQ Up 7 bps Up 2 bps UNCH
Provisions QoQ 9.01% 96.80% -39.90%
CASA 40.70% 40.50% 45.90%
Capital Adequacy Ratio 18.28% 13.00% 17.00%

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