The chairman’s exit rattles sentiment, but improving growth, margins, and attractive valuations keep the long-term story intact
The former HDFC chairman said ICICI Bank once made an offer to take over the mortgage lender but it was declined. On a podcast with ICICI Bank’s former chief, Chanda Kochhar, he recalled his most memorable experiences with the banking regulator
HDFC Bank management believes it is a fine growth machine, and the team can create another HDFC Bank every four years, top sources at the private lender told CNBC-TV18. Speaking about the recent fall, the bank said its stock has also been a victim of the misgivings about SEBI’s rule on disclosure of beneficial ownership.
Earnings growth is likely to bounce back as margins are expected to expand gradually
The long-term profitability picture will only be clear once the merger dynamics fully play out
Profitability may take a hit in the near term, but next fiscal the bank can positively surprise the Street
In the near term, analysts expect moderation in net interest margins and operating profit growth for HDFC Bank
The bank’s private banking head says the core philosophy is all offerings on the wealth management platform have to be aligned with the customer's expectations
FTSE Russell said it has considered client feedback on the potential impact on the company’s foreign headroom if the shares in issue and free-float update are implemented on a one-off basis