Net interest income also saw a 18.9% rise while advances grew at 23.4% with the bank seeing a high growth across retail, commercial, rural banking, wholesale loan among others.
HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.
Launched in 1994, India's HDFC Bank is now the world’s 10th most valuable bank and has surpassed Citibank and HSBC in worth standing at about $90 billion.
After 63% rebound, HDFC stock too expensive given the risks related to management change & asset quality as Indian lenders face a challenging phase, analyst Pankaj Agarwal says.
Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
HDFC shares fell as much as 2.2% in Mumbai in early trading Friday. The stock dropped 40% from its January record high to its April low but has since rebounded 27%.
HDFC Bank’s lending to large & small companies surged 63% over 2 years through 31 Dec as economy went from world-leading growth to slowest expansion in 6 years.
When reading the book, one can see Roy’s mother as a 'fascist government' unto herself, the centre of her own cult. In Arundhati’s words, Mary Roy was ‘mother guru’.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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