HDFC Bank’s Q3 results reveal modest growth, asset quality concerns

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Deepak Shenoy, a market analyst, pointed out that these numbers do not take into account the impact of the HDFC Ltd merger from the previous year. If one factors out the associate profit from last year’s combined earnings of HDFC entities, Shenoy’s recalculated figures suggest a more modest 10% YoY increase instead.

The recalculated figures offer a different perspective on HDFC Bank’s performance, highlighting the influence of the previous year’s merger on the bank’s seemingly robust growth. It also underscores potential challenges that may arise from the decline in asset quality.

While the bank’s net profit has shown significant growth, it is important for investors and market watchers to consider these factors when assessing HDFC Bank’s overall health and future prospects.

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