HDFC Bank reported a 55.4% YoY growth in gross advances to Rs 25.08 lakh crore. Domestic retail loans saw a significant increase. Deposits reached Rs 23.80 lakh crore, including CASA deposits at Rs 9.09 lakh crore.
LKP Securities, too, has a buy call on HDFC Bank. The brokerage expects a turnaround for the private lender with Return on Asset (RoA) likely to remain stable despite higher operating expenses
HDFC Bank Share Price grew sharply in Thursday's trading session to over 3 per cent after gross advances jump 55% YoY to Rs 25.08 lakh crore and deposits rising by 26%. HDFC Bank Share Price Target 2024, HDFC Bank Share Price News Today NSE BSE, HDFC Bank Share Price History - Check all details here. , Markets News - Times Now
In an interaction with Rahul Jain, managing director of global investment research at Goldman Sachs India Securities Pvt Ltd, Jagdishan gave an overview of the loans and deposits in HDFC Bank’s balance sheet post the merger.