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HDFC Bank's Q4 deposits up 7.5%, Macquarie report says 'fantastic outcome'

HDFC Bank witnessed robust deposit growth of 7.5% in Q4 FY24, amounting to Rs 1.6 lakh crore. However, the share of low-cost deposits decreased to 38%. Despite this, the bank s shares surged by 2.8%. The bank s merger with HDFC impacted the CASA ratio, yet it reported strong retail and wholesale deposit growth. ....

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