Expects positive for Banks after HDFC Bank reports strong growth forecast… Expects positive for Banks after HDFC Bank reports strong growth forecast… Positive on ICICI, Axis , Bandhan Bank, RBL Bank , SBI Expects positive for Banks after Private Bank major HDFC Bank announced strong growth forecast. HDFC Bank released its quarterly update highlighting key business numbers for 3QFY21. Business growth showed strong momentum in 3QFY21, with total advances growing 15.6% YoY (4.2% QoQ) to Rs10.8t, aided by a strong festive season. The bank’s deposit base increased to Rs12.7t, up 19.1% YoY/3.4% QoQ. CASA ratio increased 140bp QoQ (+350bp YoY) to 43%. Expect positive for Private and PSU banks. We are positive on HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, RBL Bank. SBI is our top pick among the PSU Banking space. To Open your Free Demat Account click here https://iniyainvestments.com/ Contact : 94 89 88 84 38 # iniyainvestment # Investment # marketanalysis ...
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