Net interest income during the quarter increased 24.1 percent to Rs 10,314.3 crore compared to Rs 8,309.09 crore in corresponding period, with strong loan growth of 27.5 percent.
A list of important headlines from across news agencies that could help in your trade today.
Analysts said if loan growth comes above 20 percent, domestic loan growth above 23 percent, net interest margin above 4.2 percent and slippages below Rs 2,500 crore for the quarter then that would be taken positively by the Street.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Steel Authority of India and DCB Bank and can buy Zensar Technologies.
The bank's market capitalisation (m-cap) stood at Rs 5,02,859.55 crore in afternoon trade, making it the first bank to cross Rs 5 lakh crore m-cap mark.
Rajat Bose of rajatkbose.com recommends buying HDFC Bank, Repco Home and United Spirits.
The market breadth was in favour of the advances on Thursday morning with 1158 stocks advancing as against 445 declines while 405 remained unchanged. On the other hand, 1531 stocks advanced and 664 stocks declined while 81 remained unchanged on the BSE.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Yes Bank, Tata Elxsi and Sun Pharmaceutical Industries and can sell Mahanagar Gas and Berger Paints.
Mitessh Thakkar of miteshthacker.com recommends buying Escorts and Britannia Industries.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Uflex and Delta Corp.
The government's official estimate for FY18 growth stands at 6.5 percent, much lower than what experts would call as the potential, and restricted by the GST implementation and effects of the note ban.
An upward risk to inflation and weaker credit off-take is likely to bottom out the lending rates and borrowers may have to wait for a longer period to see cut in interest rates
Over the last week the BSE Sensex rose by 116.53 points or 0.34% to end at 34,056.83, its lifetime high.
When we raise capital, we like to raise with a five-seven- eight-ten year view, said Keki Mistry, Vice Chairman & CEO, HDFC.
Nomura expects faster earning growth from HDFC Bank over the next 2-3 years.
The board will also consider a preferential issue to Housing Development Finance Corporation, the promoter of the bank.
There is no doubt that they will gain market share in a growing market, said Paresh Sukthankar, Deputy Managing Director, HDFC Bank.
HDFC Bank, one of most valued banks globally and the cleanest among Indian banks when it comes to non-performing assets (NPAs), has seen an “unhappy secret”, according to a report by Bloomberg.
The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit avenues stabilising
The HDFC vice chairman and CEO is of the view that cash transactions in secondary market property deals have dropped after demonetisation because of a sense of fear about undisclosed income
HDFC Bank Deputy Managing Director Paresh Sukthankar said that the potential room for deposit rate coming down and therefore lending rate coming down is also somewhat lower.
Under the Holistic Rural Development Programme (HRDP), the bank has already empowered 750 deprived villages across the country in the last two-and-half years. The latest village in this chain is Umpathaw in the state.
Week started off with the shocking robbery at Bank of Baroda, government charting out reform banks, SBI reducing employee base and ending with the big bank announcement of Moody’s upgrading India, SBI and HDFC Bank
The rating agency has upgraded the ratings for the four financial institutions to Baa2 from Baa3.
India’s largest lender by market capitalisation, HDFC Bank had requested the government to declassify HDFC, and the government, in turn, wrote to RBI seeking its opinion on the matter, CNBC-TV18 reported.