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HDFC Bank: What The Q1 Numbers Are Not Telling Us
05 Jul 2024, 11:23 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>An HDFC Bank branch. (Photo: Vijay Sartape/NDTV Profit)</p></div>](https://media.assettype.com/bloombergquint%2F2023-10%2F398a88d6-418d-4914-bce7-45e9d81aac23%2FA_HDFC_Bank_branch___Photo_Vijay_Sartape_BQ_Prime_030722__2_.jpeg?rect=0%2C0%2C1600%2C900&auto=format%2Ccompress&w=200)
An HDFC Bank branch. (Photo: Vijay Sartape/NDTV Profit)
India's largest private bank reported what could be its weakest set of numbers since the merger with Housing Development Finance Corporation Ltd. came into play from July 1, 2023.In the quarter ended June 30, HDFC Bank saw its gross advances shrink by 0.8% sequentially to Rs 24.87 lakh crore. The reduction came as the lender saw its corporate loan book fall by Rs 26,600 crore quarter-on-quarter.Deposits saw virtually no growth on a s...
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