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    Prakhar Sharma

    Research Analyst at Jefferies Financial Group Inc.

    Prakhar Sharma is an Analyst - Financial Sector at Jefferies India Pvt Ltd., specializing in equity research and financial services since joining the firm in February 2020. He covers major listed financial companies, leveraging his previous experience as an Investment Analyst at CLSA India to provide sector-specific insight. Sharma maintains an active role in evaluating banking and financial services organizations, though publicly available sources do not provide quantified performance metrics or industry rankings. He holds analytical responsibilities in Mumbai and is listed as a principal officer at J Sagar Associates, with his credentials rooted in direct industry experience and cross-functional expertise in finance and law.

    Prakhar Sharma's questions to HDFCBANK leadership

    Prakhar Sharma's questions to HDFCBANK leadership • Q2 2025

    Question

    Prakhar Sharma asked for clarity on credit costs, noting that the slippage ratio was flat quarter-on-quarter, whereas it typically improves seasonally in Q2 after a heavier Q1 for agri loans. He also asked about other moving parts in the provision number, considering the AIF provision reversal.

    Answer

    CFO Srinivasan Vaidyanathan acknowledged the observation about seasonality, agreeing that a slight improvement of 3-5 basis points is historically typical. However, he contextualized that the bank has made forays into deeper geographical segments and small/marginal farmer loans over the last 1-2 years, which can alter traditional seasonality patterns. The discussion did not detail other specific moving parts in the provision line beyond the AIF reversal.

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