Description
Pursuant to RBI circular DBR.BP.BC.No.31/21.04.018/2015-16 dated July 16, 2015, the Bank, effective quarter ended June 30, 2015, included its deposits placed with NABARD, SIDBI and NHB on account of shortfall in lending to priority sector under 'Other Assets' and interest thereon under 'Interest Earned - Others'. Earlier these were included under 'Investments' and under 'Interest Earned- Income on Investments' respectively. Figures for the previous periods have been regrouped / reclassified to conform to current period's classification. The above change in classification does not impact the profit of the Bank for the periods presented.
(` in lacs)
Quarter
ended
30.09.2015
Quarter
ended
30.06.2015
Quarter
ended
30.09.2014
Half year
ended
30.09.2015
Half year
ended
30.09.2014
Year
ended
31.03.2015
Unaudited Unaudited Unaudited Audited* Audited* Audited*
1 Interest Earned (a)+(b)+(c)+(d) 1477252 1404106 1184763 2881358 2306771 4846991
a) Interest / discount on advances / bills 1094834 1044714 907385 2139548 1780892 3718079
b) Income on Investments 339767 328134 240708 667901 453396 985849
c) Interest on balances with Reserve Bank of India and other inter bank
funds 17486 7831 14763 25317 26910 51710
d) Others 25165 23427 21907 48592 45573 91353
2 Other Income 255176 246191 204710 501367 389767 899634
3 TOTAL INCOME (1)+(2) 1732428 1650297 1389473 3382725 2696538 5746625
4 Interest Expended 809162 765229 633664 1574391 1238511 2607423
5 Operating Expenses (i)+(ii) 418977 400079 349790 819056 667631 1398755
i) Employees cost 141397 135901 116694 277298 229287 475096
ii) Other operating expenses 277580 264178 233096 541758 438344 923659
6 TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies) 1228139 1165308 983454 2393447 1906142 4006178
7 Operating Profit before Provisions and Contingencies (3)-(6) 504289 484989 406019 989278 790396 1740447
8 Provisions (other than tax) and Contingencies 68129 72799 45589 140928 93867 207575
9 Exceptional Items - - - - - -
10 Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9) 436160 412190 360430 848350 696529 1532872
11 Tax Expense 149215 142618 122284 291833 235079 511280
12 Net Profit / (Loss) from Ordinary Activities after tax (10)-(11) 286945 269572 238146 556517 461450 1021592
13 Extraordinary items (net of tax expense) - - - - - -
14 Net Profit / (Loss) for the period (12)-(13) 286945 269572 238146 556517 461450 1021592
15 Paid up equity share capital (Face Value of ` 2/- each) 50364 50229 48286 50364 48286 50130
16 Reserves excluding revaluation reserves 6150813
17 Analytical Ratios
(i) Percentage of shares held by Government of India Nil Nil Nil Nil Nil Nil
(ii) Capital Adequacy Ratio 15.5% 15.7% 15.7% 15.5% 15.7% 16.8%
(iii) Earnings per share (`)
(a) Basic EPS before & after extraordinary items (net of tax expense) - 11.5 10.7 9.9 22.2 19.2 42.1
not annualized
(b) Diluted EPS before & after extraordinary items (net of tax expense) - 11.3 10.6 9.8 21.9 19.0 41.7
not annualized
(iv) NPA Ratios
(a) Gross NPAs 382777 365223 336165 382777 336165 343838
(b) Net NPAs 103768 102770 91734 103768 91734 89628
(c) % of Gross NPAs to Gross Advances 0.91% 0.95% 1.02% 0.91% 1.02% 0.93%
(d) % of Net NPAs to Net Advances 0.25% 0.27% 0.28% 0.25% 0.28% 0.25%
(v) Return on assets (average) - not annualized 0.5% 0.5% 0.5% 0.9% 1.0% 2.0%
18 Non Promoters Shareholding
(a) Public Shareholding
- No. of shares 1501972460 1495237460 1464101398 1501972460 1464101398 1490274560
- Percentage of Shareholding 59.6% 59.6% 60.6% 59.6% 60.6% 59.4%
(b) Shares underlying Depository Receipts (ADS and GDR)
- No. of shares 473004657 473004657 407004657 473004657 407004657 473004657
- Percentage of Shareholding 18.8% 18.8% 16.9% 18.8% 16.9% 18.9%
19 Promoters and Promoter Group Shareholding
(a) Pledged / Encumbered
- No. of shares - - - - - -
- Percentage of Shares (as a % of the total shareholding of promoter - - - - - -
and promoter group)
- Percentage of Shares (as a % of the total share capital of the Company) - - - - - -
(b) Non - encumbered
- No. of shares 543216100 543216100 543216100 543216100 543216100 543216100
- Percentage of Shares (as a % of the total shareholding of promoter 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
and promoter group)
- Percentage of Shares (as a % of the total share capital of the Company) 21.6% 21.6% 22.5% 21.6% 22.5% 21.7%
* Except for disclosure regarding 'Non Promoters Shareholding' and 'Promoters and Promoter Group Shareholding' which are unaudited.
HDFC BANK LIMITED
FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2015
Particulars
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
(` in lacs)
Quarter
ended
30.09.2015
Quarter
ended
30.06.2015
Quarter
ended
30.09.2014
Half year
ended
30.09.2015
Half year
ended
30.09.2014
Year
ended
31.03.2015
Unaudited Unaudited Unaudited Audited Audited Audited
1 Segment Revenue
a) Treasury 427214 412817 310464 840031 580825 1287130
b) Retail Banking 1470256 1396069 1191868 2866325 2336159 4881418
c) Wholesale Banking 671955 665954 564503 1337909 1109120 2318519
d) Other Banking Operations 178406 157648 145899 336054 273915 620102
e) Unallocated - - - - - 862
Total 2747831 2632488 2212734 5380319 4300019 9108031
Less: Inter Segment Revenue 1015403 982191 823261 1997594 1603481 3361406
Income from Operations 1732428 1650297 1389473 3382725 2696538 5746625
2 Segment Results
a) Treasury 27091 25372 8395 52463 3103 58571
b) Retail Banking 173091 158049 145845 331140 297482 622883
c) Wholesale Banking 194315 214293 188860 408608 367838 750442
d) Other Banking Operations 75298 52228 54967 127526 102465 248689
e) Unallocated (33635) (37752) (37637) (71387) (74359) (147713)
Total Profit Before Tax 436160 412190 360430 848350 696529 1532872
3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury 16168255 17445908 12113999 16168255 12113999 15425638
b) Retail Banking (18084656) (17839897) (15190170) (18084656) (15190170) (17421098)
c) Wholesale Banking 8530085 6952369 8179230 8530085 8179230 8307529
d) Other Banking Operations 1643283 1586667 1307222 1643283 1307222 1545754
e) Unallocated (1429256) (1648370) (1538801) (1429256) (1538801) (1656880)
Total 6827711 6496677 4871480 6827711 4871480 6200943
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Particulars
Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank is as under:
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 RBI.
1
(` in lacs)
Particulars
As at
30.09.2015
As at
31.03.2015
As at
30.09.2014
CAPITAL AND LIABILITIES Audited Audited Audited
Capital 50364 50130 48286
Reserves and Surplus 6777347 6150813 4823194
Deposits 50690866 45079565 39068175
Borrowings 5230736 4521356 3854042
Other Liabilities and Provisions 3250534 3248444 3202409
Total 65999847 59050308 50996106
ASSETS
Cash and Balances with Reserve Bank of India 2570396 2751045 2037266
Balances with Banks and Money at Call and Short notice 778444 882100 1127848
Investments 17128133 15164177 11543799
Advances 41854097 36549504 32727279
Fixed Assets 321165 312172 290510
Other Assets 3347612 3391310 3269404
Total 65999847 59050308 50996106
2
3
4
5
6
7
8
9
10
11
12
` 10 lac = ` 1 million
` 10 million = ` 1 crore
Aditya Puri
Managing Director
Pursuant to RBI circular DBR.BP.BC.No.31/21.04.018/2015-16 dated July 16, 2015, the Bank, effective quarter ended June 30, 2015, included its deposits placed with NABARD, SIDBI
and NHB on account of shortfall in lending to priority sector under 'Other Assets' and interest thereon under 'Interest Earned - Others'. Earlier these were included under 'Investments' and
under 'Interest Earned- Income on Investments' respectively. Figures for the previous periods have been regrouped / reclassified to conform to current period's classification. The above
change in classification does not impact the profit of the Bank for the periods presented.
Notes :
The Bank has followed the same significant accounting policies in the preparation of the interim financial statements as those followed in the annual financial statements for the year
ended March 31, 2015.
Statement of Assets and Liabilities as on September 30, 2015 is given below.
The above results have been approved by the Board of Directors at its meeting held on October 21, 2015.
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Place : Mumbai
During the quarter and half year ended September 30, 2015, the Bank allotted 6735000 and 11697900 shares pursuant to the exercise of options under the approved employee stock
option schemes.
Date : October 21, 2015
As at September 30, 2015, the total number of branches (including extension counters) and ATM network stood at 4227 branches and 11686 ATMs respectively.
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.
Opening: 9; Additions: 846; Disposals: 841; Closing position: 14.
Other income relates to income from non-fund based banking activities including commission, fees, earnings from foreign exchange and derivative transactions, profit and loss (including
revaluation) from investments and recoveries from accounts written off.
Information on investor complaints pursuant to Clause 41 of the listing agreement for the quarter ended September 30, 2015:
Pursuant to the shareholder and regulatory approvals, the Bank on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of `
1,067 per equity share aggregating ` 2,000 crore and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD
57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, the Bank allotted 8,47,44,142 additional equity shares. Accordingly, share capital increased by ` 16.95
crores and share premium increased by ` 9,705.84 crores, net of share issue expenses of ` 151.03 crores.
RBI circular DBOD.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on 'Basel III Capital Regulations' read together with the RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated
March 31, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments' requires banks to make applicable Pillar 3 disclosures including leverage ratio and
liquidity coverage ratio under the Basel III Framework. These disclosures are available on the Bank's website at the following link:http://www.hdfcbank.com/aboutus/basel_disclosures/default.htm. The disclosures have not been subjected to audit or limited review.
The results for the half year ended September 30, 2015 have been subjected to an ‘Audit’ and the results for the quarter ended September 30, 2015 have been subjected to a ‘Limited
Review’ by the Statutory Auditors of the Bank. An unqualified report has been issued by them thereon.
doc_194002347.pdf
Pursuant to RBI circular DBR.BP.BC.No.31/21.04.018/2015-16 dated July 16, 2015, the Bank, effective quarter ended June 30, 2015, included its deposits placed with NABARD, SIDBI and NHB on account of shortfall in lending to priority sector under 'Other Assets' and interest thereon under 'Interest Earned - Others'. Earlier these were included under 'Investments' and under 'Interest Earned- Income on Investments' respectively. Figures for the previous periods have been regrouped / reclassified to conform to current period's classification. The above change in classification does not impact the profit of the Bank for the periods presented.
(` in lacs)
Quarter
ended
30.09.2015
Quarter
ended
30.06.2015
Quarter
ended
30.09.2014
Half year
ended
30.09.2015
Half year
ended
30.09.2014
Year
ended
31.03.2015
Unaudited Unaudited Unaudited Audited* Audited* Audited*
1 Interest Earned (a)+(b)+(c)+(d) 1477252 1404106 1184763 2881358 2306771 4846991
a) Interest / discount on advances / bills 1094834 1044714 907385 2139548 1780892 3718079
b) Income on Investments 339767 328134 240708 667901 453396 985849
c) Interest on balances with Reserve Bank of India and other inter bank
funds 17486 7831 14763 25317 26910 51710
d) Others 25165 23427 21907 48592 45573 91353
2 Other Income 255176 246191 204710 501367 389767 899634
3 TOTAL INCOME (1)+(2) 1732428 1650297 1389473 3382725 2696538 5746625
4 Interest Expended 809162 765229 633664 1574391 1238511 2607423
5 Operating Expenses (i)+(ii) 418977 400079 349790 819056 667631 1398755
i) Employees cost 141397 135901 116694 277298 229287 475096
ii) Other operating expenses 277580 264178 233096 541758 438344 923659
6 TOTAL EXPENDITURE (4)+(5) (excluding Provisions & Contingencies) 1228139 1165308 983454 2393447 1906142 4006178
7 Operating Profit before Provisions and Contingencies (3)-(6) 504289 484989 406019 989278 790396 1740447
8 Provisions (other than tax) and Contingencies 68129 72799 45589 140928 93867 207575
9 Exceptional Items - - - - - -
10 Profit / (Loss) from Ordinary Activities before tax (7)-(8)-(9) 436160 412190 360430 848350 696529 1532872
11 Tax Expense 149215 142618 122284 291833 235079 511280
12 Net Profit / (Loss) from Ordinary Activities after tax (10)-(11) 286945 269572 238146 556517 461450 1021592
13 Extraordinary items (net of tax expense) - - - - - -
14 Net Profit / (Loss) for the period (12)-(13) 286945 269572 238146 556517 461450 1021592
15 Paid up equity share capital (Face Value of ` 2/- each) 50364 50229 48286 50364 48286 50130
16 Reserves excluding revaluation reserves 6150813
17 Analytical Ratios
(i) Percentage of shares held by Government of India Nil Nil Nil Nil Nil Nil
(ii) Capital Adequacy Ratio 15.5% 15.7% 15.7% 15.5% 15.7% 16.8%
(iii) Earnings per share (`)
(a) Basic EPS before & after extraordinary items (net of tax expense) - 11.5 10.7 9.9 22.2 19.2 42.1
not annualized
(b) Diluted EPS before & after extraordinary items (net of tax expense) - 11.3 10.6 9.8 21.9 19.0 41.7
not annualized
(iv) NPA Ratios
(a) Gross NPAs 382777 365223 336165 382777 336165 343838
(b) Net NPAs 103768 102770 91734 103768 91734 89628
(c) % of Gross NPAs to Gross Advances 0.91% 0.95% 1.02% 0.91% 1.02% 0.93%
(d) % of Net NPAs to Net Advances 0.25% 0.27% 0.28% 0.25% 0.28% 0.25%
(v) Return on assets (average) - not annualized 0.5% 0.5% 0.5% 0.9% 1.0% 2.0%
18 Non Promoters Shareholding
(a) Public Shareholding
- No. of shares 1501972460 1495237460 1464101398 1501972460 1464101398 1490274560
- Percentage of Shareholding 59.6% 59.6% 60.6% 59.6% 60.6% 59.4%
(b) Shares underlying Depository Receipts (ADS and GDR)
- No. of shares 473004657 473004657 407004657 473004657 407004657 473004657
- Percentage of Shareholding 18.8% 18.8% 16.9% 18.8% 16.9% 18.9%
19 Promoters and Promoter Group Shareholding
(a) Pledged / Encumbered
- No. of shares - - - - - -
- Percentage of Shares (as a % of the total shareholding of promoter - - - - - -
and promoter group)
- Percentage of Shares (as a % of the total share capital of the Company) - - - - - -
(b) Non - encumbered
- No. of shares 543216100 543216100 543216100 543216100 543216100 543216100
- Percentage of Shares (as a % of the total shareholding of promoter 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
and promoter group)
- Percentage of Shares (as a % of the total share capital of the Company) 21.6% 21.6% 22.5% 21.6% 22.5% 21.7%
* Except for disclosure regarding 'Non Promoters Shareholding' and 'Promoters and Promoter Group Shareholding' which are unaudited.
HDFC BANK LIMITED
FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2015
Particulars
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
(` in lacs)
Quarter
ended
30.09.2015
Quarter
ended
30.06.2015
Quarter
ended
30.09.2014
Half year
ended
30.09.2015
Half year
ended
30.09.2014
Year
ended
31.03.2015
Unaudited Unaudited Unaudited Audited Audited Audited
1 Segment Revenue
a) Treasury 427214 412817 310464 840031 580825 1287130
b) Retail Banking 1470256 1396069 1191868 2866325 2336159 4881418
c) Wholesale Banking 671955 665954 564503 1337909 1109120 2318519
d) Other Banking Operations 178406 157648 145899 336054 273915 620102
e) Unallocated - - - - - 862
Total 2747831 2632488 2212734 5380319 4300019 9108031
Less: Inter Segment Revenue 1015403 982191 823261 1997594 1603481 3361406
Income from Operations 1732428 1650297 1389473 3382725 2696538 5746625
2 Segment Results
a) Treasury 27091 25372 8395 52463 3103 58571
b) Retail Banking 173091 158049 145845 331140 297482 622883
c) Wholesale Banking 194315 214293 188860 408608 367838 750442
d) Other Banking Operations 75298 52228 54967 127526 102465 248689
e) Unallocated (33635) (37752) (37637) (71387) (74359) (147713)
Total Profit Before Tax 436160 412190 360430 848350 696529 1532872
3 Capital Employed
(Segment Assets - Segment Liabilities)
a) Treasury 16168255 17445908 12113999 16168255 12113999 15425638
b) Retail Banking (18084656) (17839897) (15190170) (18084656) (15190170) (17421098)
c) Wholesale Banking 8530085 6952369 8179230 8530085 8179230 8307529
d) Other Banking Operations 1643283 1586667 1307222 1643283 1307222 1545754
e) Unallocated (1429256) (1648370) (1538801) (1429256) (1538801) (1656880)
Total 6827711 6496677 4871480 6827711 4871480 6200943
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Particulars
Segment information in accordance with the Accounting Standard on Segment Reporting (AS 17) of the operating segments of the Bank is as under:
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 RBI.
1
(` in lacs)
Particulars
As at
30.09.2015
As at
31.03.2015
As at
30.09.2014
CAPITAL AND LIABILITIES Audited Audited Audited
Capital 50364 50130 48286
Reserves and Surplus 6777347 6150813 4823194
Deposits 50690866 45079565 39068175
Borrowings 5230736 4521356 3854042
Other Liabilities and Provisions 3250534 3248444 3202409
Total 65999847 59050308 50996106
ASSETS
Cash and Balances with Reserve Bank of India 2570396 2751045 2037266
Balances with Banks and Money at Call and Short notice 778444 882100 1127848
Investments 17128133 15164177 11543799
Advances 41854097 36549504 32727279
Fixed Assets 321165 312172 290510
Other Assets 3347612 3391310 3269404
Total 65999847 59050308 50996106
2
3
4
5
6
7
8
9
10
11
12
` 10 lac = ` 1 million
` 10 million = ` 1 crore
Aditya Puri
Managing Director
Pursuant to RBI circular DBR.BP.BC.No.31/21.04.018/2015-16 dated July 16, 2015, the Bank, effective quarter ended June 30, 2015, included its deposits placed with NABARD, SIDBI
and NHB on account of shortfall in lending to priority sector under 'Other Assets' and interest thereon under 'Interest Earned - Others'. Earlier these were included under 'Investments' and
under 'Interest Earned- Income on Investments' respectively. Figures for the previous periods have been regrouped / reclassified to conform to current period's classification. The above
change in classification does not impact the profit of the Bank for the periods presented.
Notes :
The Bank has followed the same significant accounting policies in the preparation of the interim financial statements as those followed in the annual financial statements for the year
ended March 31, 2015.
Statement of Assets and Liabilities as on September 30, 2015 is given below.
The above results have been approved by the Board of Directors at its meeting held on October 21, 2015.
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Place : Mumbai
During the quarter and half year ended September 30, 2015, the Bank allotted 6735000 and 11697900 shares pursuant to the exercise of options under the approved employee stock
option schemes.
Date : October 21, 2015
As at September 30, 2015, the total number of branches (including extension counters) and ATM network stood at 4227 branches and 11686 ATMs respectively.
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.
Opening: 9; Additions: 846; Disposals: 841; Closing position: 14.
Other income relates to income from non-fund based banking activities including commission, fees, earnings from foreign exchange and derivative transactions, profit and loss (including
revaluation) from investments and recoveries from accounts written off.
Information on investor complaints pursuant to Clause 41 of the listing agreement for the quarter ended September 30, 2015:
Pursuant to the shareholder and regulatory approvals, the Bank on February 10, 2015, concluded a Qualified Institutions Placement (QIP) of 1,87,44,142 equity shares at a price of `
1,067 per equity share aggregating ` 2,000 crore and an American Depository Receipt (ADR) offering of 2,20,00,000 ADRs (representing 6,60,00,000 equity shares) at a price of USD
57.76 per ADR, aggregating USD 1,271 million. Pursuant to these issuances, the Bank allotted 8,47,44,142 additional equity shares. Accordingly, share capital increased by ` 16.95
crores and share premium increased by ` 9,705.84 crores, net of share issue expenses of ` 151.03 crores.
RBI circular DBOD.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on 'Basel III Capital Regulations' read together with the RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated
March 31, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments' requires banks to make applicable Pillar 3 disclosures including leverage ratio and
liquidity coverage ratio under the Basel III Framework. These disclosures are available on the Bank's website at the following link:http://www.hdfcbank.com/aboutus/basel_disclosures/default.htm. The disclosures have not been subjected to audit or limited review.
The results for the half year ended September 30, 2015 have been subjected to an ‘Audit’ and the results for the quarter ended September 30, 2015 have been subjected to a ‘Limited
Review’ by the Statutory Auditors of the Bank. An unqualified report has been issued by them thereon.
doc_194002347.pdf