Saurabh Mukherjea believes that as HDFC Bank stabilizes and its numbers improve, institutional appetite will return. He mentions that without merger synergies, HDFC Bank is already a profitable bank with a 1.9% ROA. If the ROA increases to 2%, the bank s ROE could be around 18%. He also notes that HDFC Bank s operational delivery has been solid post-merger. Despite the consensus buy on HDFC Bank, there has been a reduction in institutional exposure, but Mukherjea expects the selling to abate and institutional investors to return.
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HDFC Bank Limited (NYSE:HDB) Q2 2024 Earnings Call Transcript October 16, 2023 HDFC Bank Limited beats earnings expectations. Reported EPS is $0.8, expectations were $0.45. Operator: Ladies and gentlemen, good evening and welcome to HDFC Bank Limited Q2 FY ’24 Earnings Conference Call on the financial results presented by the management of HDFC Bank. As […]