HDFC Bank - Key Overhang Addressed; Growth Trend To Revive: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.HDFC Bank Ltd. is India's largest private sector bank by assets and by market capitalisation. It has a banking network of 5,653 branches and 16,291 ATMs in 2,917 cities/towns as of date. The Reserve Bank of India has partially lifted the restrictions placed on HDFC Bank in December 2020 and allowed the bank to source new credit cards. However, the restrictions on new digital application launches would continue. This addresses a key overhang as the bank is the largest credit card issuer in the country, and this segment is key to the bank’s overall profitability. The bank delivered healthy growth in advances in Q1 FY22 despite a challenging environment. Growth was led by commercial and rural banking, while retail witnessed moderation..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Bank - Key Overhang Addressed; Growth Trend To Revive: Motilal Oswal

HDFC Bank - Key Overhang Addressed; Growth Trend To Revive: Motilal Oswal

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