InCred Equities said that it believes that HDFC Bank is better placed through its granular branch expansion and faster customer acquisition compared to ICICI Bank.
Deepak Shenoy’s tweet comes after HDFC Bank released its first quarterly earnings following the merger of HDFC Bank with parent HDFC (Housing Development Finance Corp) in a $40-billion deal.
Contrary to the 50 percent profit growth number doing the rounds, HDFC Bank s consolidated PAT growth is only 10 percent, pointed out analysts as the base quarter numbers do not include HDFC Ltd s numbers