Indian markets dip as profit-booking and financial weakness hit stocks
The benchmark NSE Nifty 50 index witnessed a decline of 0.99%, closing at 21,522.10 points, while the S&P BSE Sensex fell by 1.11% to 71,139.90 points.
HDFC Bank
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Indian private banks maintain positive outlook on loan growth through challenges
The RBI's decision to heighten capital requirements for personal loans, credit cards, and lending to non-banking finance companies (NBFCs) has presented a formidable challenge to banks. However, instead of curbing loan growth, banks have opted to absorb the increased capital requirements.
HDFC Bank prepares for consolidation period following mega-merger
In light of the current banking system liquidity deficit, HDFC Bank expects deposit growth to be influenced by higher rates. The bank is selective in retaining deposits that align with its profitability objectives.
HDFC Bank drag pulls down markets, metal stocks join the tumble, uncertainties loom
Investor sentiment towards HDFC Bank, the country's largest private lender, turned cautious after its quarterly results announcement. While the bank reported a 33.5% jump in net profit, concerns about asset quality and future growth prospects sparked the sell-off.