HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfcbank.com, Tel.: 022- 6652 1000, Fax: 022- 2496 0739
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021 | ( in lac) | ||||
Quarter ended | Year ended | ||||
Particulars | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 | |
Unaudited | Audited | Unaudited | Audited | ||
(Refer note 4) | |||||
1 | Interest Earned (a)+(b)+(c)+(d) | 3048297 | 3042359 | 3037797 | 12085823 |
a) Interest / discount on advances / bills | 2359273 | 2381163 | 2403737 | 9483454 | |
b) Income on investments | 649314 | 616633 | 559764 | 2321427 | |
c) Interest on balances with Reserve Bank of India and other inter bank funds | 30283 | 31487 | 62648 | 234125 | |
d) Others | 9427 | 13076 | 11648 | 46817 | |
2 | Other Income | 628850 | 759391 | 407531 | 2520489 |
3 | Total Income (1)+(2) | 3677147 | 3801750 | 3445328 | 14606312 |
4 | Interest Expended | 1347401 | 1330344 | 1471255 | 5597866 |
5 | Operating Expenses (i)+(ii) | 816043 | 918129 | 691146 | 3272262 |
i) Employees cost | 276558 | 267885 | 251344 | 1036479 | |
ii) Other operating expenses | 539485 | 650244 | 439802 | 2235783 | |
6 | Total Expenditure (4)+(5) (excluding Provisions and Contingencies) | 2163444 | 2248473 | 2162401 | 8870128 |
7 | Operating Profit before Provisions and Contingencies (3)-(6) | 1513703 | 1553277 | 1282927 | 5736184 |
8 | Provisions (other than tax) and Contingencies | 483084 | 469370 | 389152 | 1570285 |
9 | Exceptional Items | - | - | - | - |
10 | Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9) | 1030619 | 1083907 | 893775 | 4165899 |
11 | Tax Expense | 257655 | 265256 | 227913 | 1054246 |
12 | Net Profit / (Loss) from Ordinary Activities after tax (10)-(11) | 772964 | 818651 | 665862 | 3111653 |
13 | Extraordinary items (net of tax expense) | - | - | - | - |
14 | Net Profit / (Loss) for the period (12)-(13) | 772964 | 818651 | 665862 | 3111653 |
15 | Paid up equity share capital (Face Value of 1/- each) | 55267 | 55128 | 54903 | 55128 |
16 | Reserves excluding revaluation reserves | 20316953 | |||
17 | Analytical Ratios | ||||
(i) Percentage of shares held by Government of India | Nil | Nil | Nil | Nil | |
(ii) Capital Adequacy Ratio | 19.1% | 18.8% | 18.9% | 18.8% | |
(iii) Earnings per share (EPS) ( ) (Face Value of 1/- each) | 14.0 | 14.9 | 12.1 | 56.6 | |
(a) Basic EPS before & after extraordinary items (net of tax expense) - not | |||||
annualized | |||||
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not | 13.9 | 14.7 | 12.1 | 56.3 | |
annualized | |||||
(iv) NPA Ratios | 1508600 | ||||
(a) Gross NPAs | 1709851 | 1508600 | 1377346 | ||
(b) Net NPAs | 548580 | 455482 | 327996 | 455482 | |
(c) % of Gross NPAs to Gross Advances | 1.47% | 1.32% | 1.36% | 1.32% | |
(d) % of Net NPAs to Net Advances | 0.48% | 0.40% | 0.33% | 0.40% | |
(v) Return on assets (average) - not annualized | 0.45% | 0.50% | 0.44% | 1.97% |
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Segment information in accordance with the Accounting Standard 17 - Segment Reporting of the operating segments of the Bank is as under:
( in lac) | ||||
Quarter ended | Year ended | |||
Particulars | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 |
Unaudited | Audited | Unaudited | Audited | |
(Refer note 4) |
- Segment Revenue
a) | Treasury | 864433 | 803574 | 800126 | 3233767 |
b) | Retail Banking | 2697467 | 2761274 | 2710162 | 11021021 |
c) | Wholesale Banking | 1440699 | 1472812 | 1418359 | 5715430 |
d) | Other Banking Operations | 486344 | 554367 | 389683 | 1993753 |
e) | Unallocated | - | 3082 | - | 3082 |
Total | 5488943 | 5595109 | 5318330 | 21967053 | |
Less: Inter Segment Revenue | 1811796 | 1793359 | 1873002 | 7360741 | |
Income from Operations | 3677147 | 3801750 | 3445328 | 14606312 |
- Segment Results
a) | Treasury | 270743 | 243236 | 250517 | 903050 |
b) | Retail Banking | 109036 | 419239 | 222005 | 1057480 |
c) | Wholesale Banking | 535672 | 446455 | 364445 | 1743754 |
d) | Other Banking Operations | 152858 | 11539 | 97376 | 620714 |
e) | Unallocated | (37690) | (36562) | (40568) | (159099) |
Total Profit Before Tax | 1030619 | 1083907 | 893775 | 4165899 |
- Segment Assets
a) | Treasury | 50692647 | 51964174 | 46153925 | 51964174 |
b) | Retail Banking | 52627989 | 52199722 | 46899518 | 52199722 |
c) | Wholesale Banking | 64890618 | 62873157 | 54979292 | 62873157 |
d) | Other Banking Operations | 6270073 | 6711608 | 5664473 | 6711608 |
e) | Unallocated | 912781 | 938391 | 813123 | 938391 |
Total | 175394108 | 174687052 | 154510331 | 174687052 |
- Segment Liabilities
a) | Treasury | 7646558 | 7627660 | 7798899 | 7627660 |
b) | Retail Banking | 113146545 | 109621782 | 96820706 | 109621782 |
c) | Wholesale Banking | 30827241 | 33811531 | 29166649 | 33811531 |
d) | Other Banking Operations | 491736 | 585765 | 523185 | 585765 |
e) | Unallocated | 2033234 | 2668233 | 2405425 | 2668233 |
Total | 154145314 | 154314971 | 136714864 | 154314971 |
- Capital Employed
(Segment Assets - Segment Liabilities)
a) | Treasury | 43046089 | 44336514 | 38355026 | 44336514 |
b) | Retail Banking | (60518556) | (57422060) | (49921188) | (57422060) |
c) | Wholesale Banking | 34063377 | 29061626 | 25812643 | 29061626 |
d) | Other Banking Operations | 5778337 | 6125843 | 5141288 | 6125843 |
e) | Unallocated | (1120453) | (1729842) | (1592302) | (1729842) |
Total | 21248794 | 20372081 | 17795467 | 20372081 |
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI.
Notes :
- Statement of Assets and Liabilities as at June 30, 2021 is given below:
( in lac) | |||
Particulars | As at | As at | As at |
30.06.2021 | 30.06.2020 | 31.03.2021 | |
CAPITAL AND LIABILITIES | Unaudited | Unaudited | Audited |
55267 | 54903 | 55128 | |
Capital | |||
Reserves and Surplus | 21193527 | 17740564 | 20316953 |
Deposits | 134582934 | 118938729 | 133506022 |
Borrowings | 13127502 | 11638900 | 13548733 |
Other Liabilities and Provisions | 6434878 | 6137235 | 7260216 |
Total | 175394108 | 154510331 | 174687052 |
ASSETS | 10462511 | 9662537 | 9734073 |
Cash and Balances with Reserve Bank of India | |||
Balances with Banks and Money at Call and Short notice | 1535458 | 1301793 | 2212966 |
Investments | 43613164 | 37935041 | 44372829 |
Advances | 114765164 | 100329886 | 113283663 |
Fixed Assets | 500538 | 446411 | 490932 |
Other Assets | 4517273 | 4834663 | 4592589 |
Total | 175394108 | 154510331 | 174687052 |
- The above financial results have been approved by the Board of Directors at its meeting held on July 17, 2021. The financial results for the quarter ended June 30, 2021 have been subjected to a "Limited Review" by the statutory auditors of the Bank. The report thereon is unmodified.
- The Bank has applied its significant accounting policies in the preparation of these financial results that are consistent with those followed in the annual financial statements for the year ended March 31, 2021.
- The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures in respect of the financial year 2020-21 and the published year to date figures upto December 31, 2020.
- The Board of Directors at its meeting held on June 18, 2021 recommended a dividend of 6.50 per equity share of face value of 1 each out of the net profits for the year ended March 31, 2021, subject to approval of the shareholders of the Bank at its ensuing Annual General Meeting. Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratio as at June 30, 2021.
- During the quarter ended June 30, 2021, the Bank allotted 1,39,42,616 shares pursuant to the exercise of options under the approved employee stock option schemes.
-
Consequent to the outbreak of the COVID-19 pandemic, the Indian government announced a lockdown in March 2020. Subsequently, the national lockdown was lifted by the government, but regional lockdowns continue to be implemented in areas with a significant number of COVID-19 cases. During the quarter ended June 30, 2021, India experienced a "second wave" of COVID-19, including a significant surge of COVID-19 cases following the discovery of mutant coronavirus variants in the country.
The impact of COVID-19, including changes in customer behaviour and pandemic fears, as well as restrictions on business and individual activities, has led to significant volatility in global and Indian financial markets and a significant decrease in global and local economic activities. The disruptions following the outbreak, have led to a decrease in loan originations, the sale of third party products, the use of credit and debit cards by customers and the efficiency in collection efforts. This may lead to a continued rise in the number of customer defaults and consequently an increase in provisions thereagainst. The extent to which the COVID-19 pandemic will continue to impact the Bank's results will depend on ongoing as well as future developments, which are highly uncertain, including, among other things, any new information concerning the severity of the COVID-19 pandemic, and any action to contain its spread or mitigate its impact whether government-mandated or elected by us.
- Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated August 6, 2020 (Resolution Framework 1.0) are given below:
in crore except number of accounts | |||||||||||
(A) Number | of (B) Exposure to (C) | Of | (B), (D) | Additional (E) Increase | in | ||||||
accounts | where accounts | aggregate | funding | provisions | on | ||||||
resolution plan mentioned at (A) amount of | debt sanctioned, | if account | of | the | |||||||
Type of Borrower | has | been before | that | was any, | including implementation | ||||||
implemented | implementation | converted | into between | of the resolution | |||||||
under | this of the plan | other securities invocation | of | ||||||||
window | the | plan | and | ||||||||
implementation | |||||||||||
Personal Loans | 287507 | 5457.35 | - | - | 545.74 | ||||||
Corporate persons | 1510 | 1735.30 | - | - | 318.62 | ||||||
Of which, MSMEs | 64 | 27.08 | - | - | 2.71 | ||||||
Others | 47090 | 607.92 | - | - | 60.79 | ||||||
Total | 336107 | 7800.57 | - | - | 925.15 |
There were 33 borrower accounts having an aggregate exposure of 10.64 crore to the Bank, where resolution plans had been implemented and now modified under RBI's Resolution Framework 2.0 dated May 5, 2021.
- Other income relates to income (including commission) from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, dividends from subsidiaries and recoveries from accounts previously written off.
- Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.
-
10 lac = 1 million
10 million = 1 crore
SASHIDHAR | Digitally signed by SASHIDHAR |
JAGDISHAN | JAGDISHAN |
Date: 2021.07.17 12:26:25 +05'30' |
Place : Mumbai | Sashidhar Jagdishan |
Date : July 17, 2021 | Managing Director |
HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfcbank.com, Tel.: 022- 6652 1000, Fax: 022- 2496 0739
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021 | in lacs) | ||||
Quarter ended | Year ended | ||||
Particulars | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 | |
Unaudited | Audited | Unaudited | Audited | ||
(Refer note 4) | |||||
1 | Interest Earned (a)+(b)+(c)+(d) | 3225376 | 3260692 | 3235161 | 12855240 |
a) Interest / discount on advances / bills | 2528096 | 2589859 | 2597800 | 10229913 | |
b) Income on investments | 647645 | 618183 | 559941 | 2321162 | |
c) Interest on balances with Reserve Bank of India and other inter bank funds | 32066 | 33169 | 64158 | 241430 | |
d) Others | 17569 | 19481 | 13262 | 62735 | |
2 | Other Income | 667987 | 830257 | 434698 | 2733288 |
3 | Total Income (1)+(2) | 3893363 | 4090949 | 3669859 | 15588528 |
4 | Interest Expended | 1421850 | 1408324 | 1560849 | 5924759 |
5 | Operating Expenses (i)+(ii) | 870689 | 980792 | 740608 | 3500126 |
i) Employees cost | 364374 | 357054 | 330100 | 1367667 | |
ii) Other operating expenses | 506315 | 623738 | 410508 | 2132459 | |
6 | Total Expenditure (4)+(5) (excluding Provisions and Contingencies) | 2292539 | 2389116 | 2301457 | 9424885 |
7 | Operating Profit before Provisions and Contingencies (3)-(6) | 1600824 | 1701833 | 1368402 | 6163643 |
8 | Provisions (Other than tax) and Contingencies | 536633 | 575260 | 434451 | 1884029 |
9 | Exceptional Items | - | - | - | - |
10 | Profit / (Loss) from ordinary activities before tax (7)-(8)-(9) | 1064191 | 1126573 | 933951 | 4279614 |
11 | Tax Expense | 270163 | 282140 | 239863 | 1093937 |
12 | Net Profit / (Loss) from Ordinary Activities after tax (10)-(11) | 794028 | 844433 | 694088 | 3185677 |
13 | Extraordinary items (net of tax expense) | - | - | - | - |
14 | Net Profit / (Loss) for the period (12)-(13) | 794028 | 844433 | 694088 | 3185677 |
15 | Less: Share of minority shareholders | 1819 | 1055 | 1364 | 2356 |
16 | Consolidated Net Profit / (Loss) for the period (14)-(15) | 792209 | 843378 | 692724 | 3183321 |
17 | Paid up equity share capital (Face Value of 1/- each) | 55267 | 55128 | 54903 | 55128 |
18 | Reserves excluding revaluation reserves | 20925890 | |||
19 | Analytical Ratios | Nil | Nil | Nil | Nil |
(i) Percentage of shares held by Government of India | |||||
(ii) Earnings per share (EPS) ( ) (Face Value of 1/- each) | |||||
(a) Basic EPS before & after extraordinary items (net of tax expense) - not | 14.4 | 15.3 | 12.6 | 57.9 | |
annualized | |||||
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not | 14.3 | 15.2 | 12.6 | 57.6 | |
annualized |
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Consolidated Segment information in accordance with the Accounting Standard 17 - Segment Reporting of the operating segments of the Bank is as under:
in lacs) | ||||
Quarter ended | Year ended | |||
Particulars | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 |
Unaudited | Audited | Unaudited | Audited | |
(Refer note 4) |
- Segment Revenue
a) | Treasury | 864433 | 803574 | 800126 | 3233767 |
b) | Retail Banking | 2697467 | 2761274 | 2710162 | 11021021 |
c) | Wholesale Banking | 1440699 | 1472812 | 1418359 | 5715430 |
d) | Other Banking Operations | 702560 | 843566 | 614214 | 2975969 |
e) | Unallocated | - | 3082 | - | 3082 |
Total | 5705159 | 5884308 | 5542861 | 22949269 | |
Less: Inter Segment Revenue | 1811796 | 1793359 | 1873002 | 7360741 | |
Income from Operations | 3893363 | 4090949 | 3669859 | 15588528 |
- Segment Results
a) | Treasury | 270743 | 243236 | 250517 | 903050 |
b) | Retail Banking | 109036 | 419239 | 222005 | 1057480 |
c) | Wholesale Banking | 535672 | 446455 | 364445 | 1743754 |
d) | Other Banking Operations | 186430 | 54205 | 137552 | 734429 |
e) | Unallocated | (37690) | (36562) | (40568) | (159099) |
Total Profit Before Tax and Minority Interest | 1064191 | 1126573 | 933951 | 4279614 |
- Segment Assets
a) | Treasury | 50692647 | 51964174 | 46153925 | 51964174 |
b) | Retail Banking | 52627989 | 52199722 | 46899518 | 52199722 |
c) | Wholesale Banking | 64890618 | 62873157 | 54979292 | 62873157 |
d) | Other Banking Operations | 11406952 | 11975219 | 10779377 | 11975219 |
e) | Unallocated | 912781 | 938391 | 813123 | 938391 |
Total | 180530987 | 179950663 | 159625235 | 179950663 |
- Segment Liabilities
a) | Treasury | 7646558 | 7627660 | 7798899 | 7627660 |
b) | Retail Banking | 113146545 | 109621782 | 96820706 | 109621782 |
c) | Wholesale Banking | 30827241 | 33811531 | 29166649 | 33811531 |
d) | Other Banking Operations | 4935981 | 5177164 | 5014782 | 5177164 |
e) | Unallocated | 2033234 | 2668232 | 2405425 | 2668232 |
Total | 158589559 | 158906369 | 141206461 | 158906369 |
- Capital Employed
(Segment Assets - Segment Liabilities) | |||||
a) | Treasury | 43046089 | 44336514 | 38355026 | 44336514 |
b) | Retail Banking | (60518556) | (57422060) | (49921188) | (57422060) |
c) | Wholesale Banking | 34063377 | 29061626 | 25812643 | 29061626 |
d) | Other Banking Operations | 6470971 | 6798055 | 5764595 | 6798055 |
e) | Unallocated | (1120453) | (1729841) | (1592302) | (1729841) |
Total | 21941428 | 21044294 | 18418774 | 21044294 |
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI.
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HDFC Bank Limited published this content on 17 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 07:16:03 UTC.