Business

hdfc bank: Rise in HDFC Bank’s ‘risky’ assets spurs concerns over sector stress

“Unlike last year, this time there is no moratorium on repayment of loans and that is showing,” Purohit said.

Summary

An underwhelming HDFC Bank result in the first quarter ended June – with both NPAs and restructured loans rising – has analysts cautious on performance. of the rest of the banking industry.

Mumbai: HDFC Bank’s less than impressive performance in the first quarter ending June – with both NPAs and restructured loans rising – has analysts cautious about operations the rest of the banking industry. Siddharth Purohit, analyst at SMC Global Securities, said: “If things are too challenging for HDFC Bank, then we should also watch out for other banks, especially mid-sized ones. That’s because HDFC Bank is

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https://economictimes.indiatimes.com/markets/stocks/news/rise-in-hdfc-banks-risky-assets-spurs-concerns-over-sector-stress/articleshow/84538051.cms

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