Top Conviction Ideas – “Banks, Financial Services and Insurance (BFSI)”
Banks (incl. SFBs) under our coverage reported a largely in-line performance delivering a credit growth at ~14% YoY, with a continuous and...
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Axis Top Picks for the Month of November 2024
The Axis Top Picks Basket delivered a return of 11.6% in the last six months against the 7.5% returns posted by Nifty 50 over the same period.
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HDFC Bank Ltd - Better Visibility Going Ahead
HDFC Bank reported broadly in-line performance with strong deposit growth in Q2FY2025. Given the transition period, management’s relentless focus...
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HDFC Bank - Steadily Moving Towards Improved Growth and Profitability
NIMs declined 1bp QoQ to 3.46%, while the C/D ratio declined sharply by ~4% QoQ to 99.8%. Provisions were 5% higher than MOFSLe at INR27b.
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HDFC Bank Ltd - Balancing Between Profitable Growth and LDR Improvement!
Eyeing accelerated LDR improvement: HDFCB has re-iterated its stance of reducing its LDR to pre-merger levels of mid-to-high 80%.
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