HDFC Bank to announce Q3 earnings today. Here's what analysts expect

HDFC Bank to announce Q3 earnings today. Here's what analysts expect

India's largest private sector lender HDFC Bank is expected to deliver double-digit growth in profit and net interest income with stable asset quality and declining provisions for the quarter ended December 2021. The stock price of HDFC Bank on January 14 gained more than a percent ahead of its quarterly earnings. It has already registered more than 8 percent gains since the recent low on December 20, underperforming the benchmark index Bank Nifty and Nifty50 that gained more than 11 percent and 9 percent, respectively, in the same period. Earlier this month, HDFC Bank announced its provisional business numbers, saying advances grew by 16.4 percent year-on-year and 5.1 percent quarter-on-quarter to Rs 12.6 lakh crore with retail loan growth at 13.5 percent YoY (up 4.5 percent QoQ) and corporate loan …
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