Monday, July 23, 2018

HDFC Bank reports not so impressive results

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HDFC Bank reported an 18 per cent year-on-year growth in net profit at Rs 4,601 crore for the quarter ended June.

The bank had posted a net profit of Rs 3,894 crore in the same quarter last year.

 The stock is likely to react negatively in Monday's trade since the market was expecting robust numbers from the leading private sector bank.

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