BusinessPhoto: NDTV BusinessHDFC Bank Q2 Review: Motilal Oswal Sees 27% Upside
HDFC Bank reported a largely in-line Q2 with healthy business growth and strong operating profits, despite elevated provisions. Net interest margins contracted by 10 basis points to 3.16% QoQ but are expected to rise. Loan growth was driven by the SME segment and retail loans gained momentum. Deposit growth was healthy, raising the CD ratio to 96%. Motilal Oswal raised FY27/FY28 earnings estimates by 3.5% and set a target price of Rs 925 with a Buy rating.
NDTV Business·




