INSUBCONTINENT EXCLUSIVE:
Top private lender HDFC Bank is slated to announce its financial results for the quarter through June today
Brokerage K R Choksey Shares and Securities expects 20 per cent YoY growth in advances along with stable net interest margin (NIM)
The brokerage house also expects elevated provisioning to continue
competition in the retail space and consequent margin pressure are up in focus, along with credit cost guidance
Shares of the lender settled 0.20 per cent up at Rs 2,190.10 on Friday.
Kotak Institutional Equities projected 20.60 per cent YoY rise in
net profit in Q1 while NII may jump 18.20 per cent
Pre-provision profit may increase by 14.60 per cent for the three months to June
NIM will decline 10 bps QoQ
Loan growth on the corporate side (NCLT cases refinancing) could be strong, along with retail -- mostly led by unsecured loans
We expect loan impairments to be flat QoQ, with growth in credit costs being a key monitorable, along with the pace of revenue slowdown or
