HDFC Bank Q3 Results Review

HDFC Bank Q3 Results Review

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.HDFC Bank Ltd.’s net interest margin remains stable QoQ at 3.4% backed by increase in yields equivalent to rise in cost of funds. However, management guided for improvement led by portfolio mix. Deposits grew by 1.9% QoQ (merged basis) led by retail term deposits while gross advances grew by 4.9% QoQ (merged basis) led by CRB book. HDFC Bank’s asset quality remain stable as…
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Source: https://www.ndtvprofit.com/amp/research-reports/hdfc-bank-q3-results-review-net-interest-margins-stable-roa-maintained-at-2-idbi-capital