TT International Asset Management LTD lowered its stake in HDFC Bank Limited (NYSE:HDB) during the third quarter. According to the company’s most recent reporting, it reduced its position in HDFC Bank by 12.5%. As of September 30, 2022, TT International Asset Management LTD owned 16,560 shares of HDFC Bank. This is a 12.5% decrease from the prior quarter. As a result, the company’s ownership in HDFC Bank decreased to 0.04%. The remaining shares are worth approximately $2.3 million. HDFC Bank is the largest and most profitable private sector bank in India, offering a range of financial services including banking, wealth management, and asset management. The company is known for its innovative digital platforms, such as the UPI-based payment system and its mobile banking app. The bank has also been expanding its operations domestically and internationally. Despite the reduced stake, TT International Asset Management LTD’s position in HDFC Bank remains a significant one, reflecting its confidence in the company’s future prospects.
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