Q1 Results: Key Highlights Of HDFC Bank, Kotak Bank And More

• The bank has securitised Rs 5,000 crore worth of mortgage assets in the June quarter, according to Srinivasan Vaidyanathan, chief financial officer.

• There is no number we have to hit as such and there are some investors who would like to hold mortgage assets in a securitised form.

• This is only a start and the bank will continue to do securitisation, loan assignment, etc., Vaidyanathan said.

Source: Q1 FY25 media call.

• The demand is looking strong for wholesale advances, according to Srinivasan Vaidyanathan, chief financial officer.

• Wholesale loan pricing is still looking benign and the risk spread available on loans is looking very thin.

• The bank is reviewing which opportunities we want to participate in, Vaidyanathan said.

Source: Q1 FY25 media call.

• The first quarter is the low deposit accretion quarter for any bank, while the fourth quarter is the highest, Srinivasan Vaidyanathan, chief financial officer said.

• Available liquidity in the system was negative by about Rs 50,000 crore.

• Retail contributes 84% of total deposits for HDFC Bank and current account constitutes 11% of total deposits.

• Have added Rs 54,000 crore current account deposits in March quarter, which was the highest in any quarter.

Source: Q1 FY25 media call.

• Rural demand indicators have started to improve, according to Srinivasan Vaidyanathan, chief financial officer, HDFC Bank.

• Manufacturing and services PMI showing improvement.

• HDFC Bank's balance sheet remains resilient, Vaidyanathan said, adding that the agricultural segment impacted NPA this quarter.

• Annualised credit cost was at 42 basis points during the quarter.

Source: Q1 FY25 media call.

• The private lender's board has given in-principle approval to initiate listing process of HDB Financial Services via an initial public offering.

• There is a mandatory requirement to list by September 2025.

• The Board has delegated the powers to a committee of directors to undertake various steps in this regard.

Source: Exchange filing.