India Financials

Saumya Agarwal

Equity Bottom-Up

<p>HDFC Bank reported yet another ‘steady’ quarter, this time under the new CEO. Advances growth continued to be robust led by Wholesale loans, which has become the dominant category ever since the pandemic broke out, even as Retail posted modest growth. Most other parameters of performance were largely steady.</p>

HDFC Bank reported yet another ‘steady’ quarter, this time under the new CEO. Advances growth continued to be robust led by Wholesale loans, which has become the dominant category ever since the pandemic broke out, even as Retail posted modest growth. Most other parameters of performance were largely steady.

HDFC Bank Q3FY21– Yet Another ‘Steady’ Quarter Underpinned by Strong Growth in Wholesale Loans