HDFC Bank has sufficient financial heft to withstand economic shocks: S&P

The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020

Global rating agency Standard and Poor’s has 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,