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Bank grew its retail operations this year with addition of 458
branches and 816 ATMs. Over the last
year, PAT was up 30%. Net Interest Income
up 22.7%. Fees and other Income grew by
around 18%. Deposits went up by 20% and
advances by 22.7%. Total numbers of
branches are 3062 and ATMs stand at 10743. Bank had Capital Adequacy Ratio of
around 17% and Tier-1 CAR of 11.1%. . Return on Equity stood at 20.1% and Return on
assets at 1.9%.
CASA Deposits constituted 47.4% of the total deposits. Over the last year CASA deposits grew by more
than 24%. Retail advances grew by 27.3%
whereas non retail grew by meager 16.9%.
Given the business environment, non-retail has been slow. Net Interest Margins were at 4.5%. Gross
NPAs were at 0.97%. Net NPAs were at 0.2%. Restructured assets were at 0.2% of gross
advances . Provision coverage is at 80%. Total
restructured assets stood at 528 Cr.
Other Income forms about 16% of the total
operating revenue of the bank. Loan
portfolio quality wise HDFC has better asset quality than Axis. However, it is available at twice the valuation of Axis.
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