HDFC Bank Q1 preview: Moratorium to contain slippages; recovery trends eyed

For the Q1FY21, the bank is expected to report around 20 per cent year-on-year (YoY) growth in net profit. Besides, asset quality is seen stable owing to the moratorium being provided by the RBI

Private lender HDFC Bank is set to report its April-June, 2020 quarter (Q1FY21) earnings on Saturday, July 18 amid allegations of inappropriate lending activity in the vehicle financing unit. The allegations, analysts say, are expected to be raised during the management interaction.

“The allegations are grave for a bank that is one of the largest private players. Shareholders would expect clarity on the misconduct by the veteran, and would want to know the course of action being taken by the management,” says an analyst with a domestic brokerage who didn’t wish to be named.  

Early this week, Bloomberg reported that the bank