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Five things investors must look out for in HDFC Bank results
Mint New Delhi
|January 22, 2025
HDFC Bank saw loans grow the slowest among peer banks, at only 3% on year and 0.9% on quarter
HDFC Bank's provisional numbers for Q3 FY25 revealed muted loan growth, much below the industry level, as the bank focused on deposit accretion and improving its loan-to-deposit ratio (LDR).
Given the significant shortfall in deposits following the merger of HDFC Ltd with the bank in July 2023, the lender has been going slower on advances to build the liability side of the book.
The largest private sector lender, HDFC Bank, saw loans grow the slowest among peer banks, at only 3% on year and 0.9% on quarter, also due to aggressive portfolio sales during the period.
Most brokerages have a positive outlook on the bank, with price targets in the range of ₹2,300 and ₹2,550.
This story is from the January 22, 2025 edition of Mint New Delhi.
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