HDFC Bank capable of handling downside risks

Standard and Poor’s, global rating agency said that India’s largest private lender, HDFC Bank, has sufficient financial headroom to withstand downside risks from tough operating conditions in India. “HDFC Bank’s result for the first half of 2020-21 (the financial year that will end on March 31, 2021) are resilient and in line with our expectations,” S&P said in a statement.

HDFC Bank has ample capital buffers, as reflected in its Tier-i capital ratio of 17.7 per cent as on September 30, 2020. The bank’s S&P Global Ratings risk-adjusted capital ratio will be 8.5-9 per cent over next two years, compared with 9.4 per cent as on March 31, 2020.

said customers did not want to restructure and are happy with the scheme.

“Some customers are mistaken that it is some kind of a grant given by the government. So, there is a lot of communication to the customer saying that they need to actually start repaying this as well because they should not treat it as a grant, which we have been successfully able to do,” said Murli Natarajan, managing director and chief executive, DCB.