YES Securities' research report on HDFC Bank
Overall loan growth was dragged lower owing to HDFCB not finding wholesale loan pricing inadequate during the quarter (2) Opex ramped up materially driven by branch openings and employee addition, among other factors (3) Asset quality outcomes remained under control as the bank largely held on contingent provisions as a matter of abundant caution.
Outlook
We reiterate BUY rating on HDFCB with a revised price target of Rs 2020
For all recommendations report, click here
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