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HDFC Bank shares fall post Q3 as moderating loan, deposit growth weighs

Analysts expect HDFC Bank's stock to perform gradually until the margin profile revives, and the merger-related overhang eases

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HDFC Bank's loan growth was higher by just 1.8 per cent QoQ in Q3FY23 due to de-growth in the corporate loan book

Nikita Vashisht New Delhi
HDFC Bank Q3 result review: HDFC Bank shares declined around a per cent on Monday as focus shifted on the lender's moderating growth post the October-December quarter result for 2022-23 financial year (Q3FY23). In comparison, the benchmark S&P BSE Sensex settled 0.28 per cent lower.

India's biggest private sector lender's credit growth was up 19.5 per cent on a year-on-year (YoY) basis in Q3FY23 at Rs 15.07 trillion. This was, however, higher by just 1.8 per cent quarter-on-quarter (QoQ) due to de-growth in the corporate loan book.

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First Published: Jan 16 2023 | 11:59 AM IST

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