HDFC Bank's reported significant sell-down of loans may slow down its loan growth to below 10 percent. While that may be a part of the bank's strategy to maintain profitability, it may hit ratios in the short term.
HDFC Bank announced that deposits jumped 19.2 percent YoY to Rs 19.13 lakh crore, as compared to Rs 16.04 lakh crore in Q1FY23. And its advances aggregated to Rs 16.15 lakh crore for the quarter ended June 30, up nearly 15.8 percent year on year (YoY) from Rs 13.95 lakh crore a year ago.
As many as 1,957 shares advanced, 1,434 declined and 132 shares remained unchanged on June 27.
In the past RBI has been hesitant to allow large businesses to promote banks. The indications are that this approach could change now
Indian markets have rallied over 10 percent so far in the year and experts feel that the rally could extend by 5-10 percent in 2020
The initial public offer of Shankara Building Products was subscribed 51 percent on the first day of the issue today.