HDFC Bank’s profitability fails the return on assets test

Aparna Iyer • January 18, 2024 / 08:11 IST

Two metrics have emerged as a big red flag for investors: A 2 percent contraction in earnings per share and a greater contribution of tax writebacks behind the enviable 2 percent return on assets (RoA).

HDFC Bank's profitability isn't what it seems

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