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The bank is predicted to face a short-term decline in key financial metrics like net interest margin, net worth, and asset quality after its merger with parent company HDFC. This projection contrasts with the recent performance trend of the Nifty index.
This move by CLSA underscores a divergent approach towards the banking sector in comparison to other foreign brokerages. While some have cut their price targets for HDFC Bank anticipating post-merger hurdles, CLSA’s escalated stance seems to be driven by the broader macroeconomic environment devoid of any looming economic downturn.
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