HDFC Bank’s Q2 consolidated net revenues of the merged entity at ₹66,317 crore.Its gross NPAs came in at 1.34% of gross advances, and were at 1.41% as of June
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NEW DELHI: HDFC Bank s third quarter results impressed analysts, who said that the profit beat was led by healthy treasury gains and recoveries. They noticed a slight recovery in the lender s net interest margin (NIM) and said the restructuring of 0.5 per cent of its loans was in line with expectations.
The bank s management expects faster asset quality normalisation and better credit growth outlook, said analysts, who suggested a target price as high as Rs 1,860 for the stock. This suggests a potential upside of 27 per cent over Friday s closing price of Rs 1,466.35.
On Monday, the scrip was up 1.51 per cent at Rs 1,488.45 on BSE.