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The way forward for 'plastic money'...

(Dec 5, 2011)

Equitymaster discusses how India's retail revolution cannot succeed without a move to plastic

ICICI Bank: Capitalising on Retail

(Dec 3, 2004)

“The largest provider of retail finance delivering unique value proposition to customers”. Thanks to the paradigm shift in the customer preferences and expectations from the banking industry, ICICI Bank (the only identifiable universal bank in the country) is able to make such claims and leverage on its competencies to access mass retail asset pools.

HDFC Bank: What fundamentals say?

(Dec 1, 2004)

On the 30th of November, as the stock markets rallied and closed at a historical high, one of the forerunners was HDFC Bank (52-week high levels). While the markets as a whole seem to have turned positive on banking stocks off late, it would be wiser to analyse whether fundamentals support the price.

HDFC Bank: Other income surprise

(Oct 21, 2004)

HDFC Bank has sustained its robust financial performance despite losses on its investment portfolio. Strong growth in the company's assets continues to be the main driver. For 2QFY05, while the topline has risen by 15% YoY, the bottomline has increased at a faster rate (30% YoY). The bank continues to keep its interest costs low and this has significantly helped the growth in net interest income. Other income has improved indicating that the bank has managed to improve its fee-based income and h

HDFC Bank: Consistency in performance

(Oct 10, 2003)

HDFC Bank continues to report strong growth in its income as well as earnings. For 2QFY04, growth numbers are more or less in line with the trend in the last few quarters. While the topline has risen by a strong 34%, the bottomline has increased by a similar 31% on a YoY basis. A strong topline growth combined with a relatively lower rise in expenses has resulted in net interest margin improvement and consequently, operating margins. It must be noted that the strong performance in the September

Identifying a banking stock: Do's and Don'ts

(Aug 2, 2003)

banking Stocks, banking stock risks, banking

HDFC Bank: Mr Dependable

(Jul 14, 2003)

HDFC Bank has reported its June quarter results that are more or less in line with expectations. The bank has witnessed a strong 22% YoY growth in topline which has led to an even stronger 30% growth in its bottomline in the same period. Bottomline growth has also been aided by other income. Favorable interest rate scenario has helped the bank bring down interest expenses. This in turn, has led to an improvement in operating margins. The bank continues to show consistency in its performance.

HDFC Bank Vs Citigroup

(Jun 24, 2003)

If one were to list the largest bank in India, State Bank of India would come out on top easily. Among the most efficient banking companies’ in India, HDFC Bank would probably make it to the top. But how does this private sector major compare on a global scale? Are the current premium valuations justified? Here is the comparison with Citigroup, one of the largest universal bank in the world.

HDFC Bank: Where to from here?

(Apr 15, 2003)

HDFC Bank, has reported a strong fourth quarter performance in FY03 with a 29% rise in net profits while its interest income has increased by nearly 21%. The FY03 performance has been even better with a 31% rise in net profit while its topline has grown by nearly 19%.

HDFC Bank: Home loans ahoy

(Mar 3, 2003)

Due to lack of safe investment opportunities, weak non-food credit off-take and excess liquidity, banks have shifted their focus to the retail segment. Even in the retail segment, home loans have been their saving grace. This is due to the fact that home loans have been one of the largest growing segments in the retail loans market. HDFC Bank, one of the largest and most profitable private sector banks in the country had chosen to stay away from the home loans segment due to the inherent conflic

Banks: How well protected?

(Feb 19, 2003)

A soft interest rate scenario advocated by the RBI coupled with low credit off take has seen interest rates fall to historically low levels. Low credit off take has prompted many banks to invest in G-Secs at levels more than that required for purposes of SLR. While the threat of falling G-Sec prices may be a short term concern for now, the reality is that in the long term there will be an improvement in credit off take and at that time G-Sec prices are likely to further witness a decline.

HDFC Bank: OPM under pressure

(Oct 18, 2002)

HDFC Bank continues with its stellar performance in the second quarter ended September 2002. Fueled by strong focus on retail banking, interest income grew by 17% and profits jumped over 29% YoY for 2QFY03. However, the performance was not as impressive as its June quarter.

Private Banks: Growth engine slowdown

(Sep 2, 2002)

The growth rate of private banking sector slowed down in the first quarter of the current fiscal. A 26% dip in fee based income trimmed down the overall growth rates of the sector. The sector's first quarter income from operations was up by 15% and profits were higher by 17%. We have included four major new generation private banks, HDFC Bank, UTI Bank, IDBI Bank and Global Trust Bank in our sector study. ICICI Bank has been excluded, as after the merger of ICICI, the bank's financials are not c

HDFC Bank: On a growth spree

(Jul 17, 2002)

HDFC Bank has once again reported stellar performance for the first quarter ended June 2002. Fueled by its strong focus on retail banking, the bank's interest income grew by 23% and profits jumped by 33%, YoY. The bank also managed to improve its operating margins through cost control and lower interest cost.

HDFC Bank: Maintains growth pace

(Apr 15, 2002)

HDFC Bank has reported a strong fourth quarter performance with 27% rise in interest income and 38% jump in net profits. The bank's better than expected performance was driven by exponential rise in other income and lower tax provisions.

HDFC Bank: On growth spree

(Apr 5, 2002)

HDFC Bank has maintained its growth in the first nine months of FY02. A 43% jump in net income was fueled by a sharp rise in fee-based income and control on operating expenses. The bank’s operating margins however, declined by 300 basis points due to higher interest cost.

Banks: Look before you leap!

(Mar 16, 2002)

The Indian banking sector is currently in a transition phase. While public sector banks are in the process of restructuring, private sector banks are busy consolidating through mergers and acquisitions (the sector has been recently opened up for foreign investments). With the Finance Minster’s announcement of introducing a Bill on Banking Reforms, law on foreclosure and plans to set up an asset reconstruction company (ARC), the sector is likely to witness a significant structural change the comi

HDFC Bank: 43% growth in profits

(Jan 14, 2002)

HDFC Bank continued its remarkable financial performance in the third quarter. The bank's earnings jumped by over 40% and income from operations was higher by 35%. The bank's performance is in line with our expectations.

HDFC Bank: Eyeing growth

(Jan 10, 2002)

HDFC Bank maintained its stellar financial performance in the first half of the current fiscal. The bank’s profits and interest income recorded a rise of over 40%. Its interest margins however, witnessed a steep decline.

Private Banks: Advantage technology

(Nov 22, 2001)

The private banking sector maintained its impressive financial performance in the second quarter of the current fiscal. While interest income grew by 28%, earnings rose sharply by 57% fueled by a triple digit growth in other income. We have covered five major private sector banks - HDFC Bank, ICICI Bank, Global Trust Bank (GTB), UTI Bank and IDBI Bank in our sector study.


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