Both the private sector efforts that have taen the last decade of India's growth in almost their ownership having influenced governments and banks and slipped on roughshod retail portfolios without rhyme or reason, have reported they are still banks, pulling out their entire March 15 bag of tricks to report 33% jump for the Quarter for ICICI Bank and 33% jump for the full year for HDFC Bank.
India's overall credit targets have been met with AAA borrowers getting the feed in the last fortnight of the year, aking up for a trillion INr in gap in credit disbursal targets. As earlier, HDFC has touted its cohesive leadership and people skills for a better performance in retail lifestyle segments, continuing with INR 50 B in the last quarter in unsecured loans and mortgages. ICICI has dropped in interest income in the 4th Quarter while HDFC Bank reported a jump of 27% for the full year to INR 23.5B. ICICI Bank also showed results of its blocking of retail disbursals with NPAs staying at 2.12%
HDFC Bank's leadership in retail is hindered by its coyness in increasing its ATM presence while it leads in non metro markets with 32% of deposits and 47% of loans from its 2000 branches outside the metros, supported by only 3000 ATMs NIM is floating at 4.2% dspite the significantly higher CASA ratio ( >45%) ICICI Bank has reported the latest CASA of 34%
HDFC Banks cost of deposit s has been significantly higher at almost 6% compared to SBI which has reported 5.2% as abnormally high for 2010
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