HDFC Bank remains vigilant about net interest margin and deposit growth trends on the street.
HDFC Bank’s merger with parent HDFC Limited has resulted in an expanded book but has also affected its profitability. In its maiden earnings report post-merger, the bank’s net interest margin (NIM) contracted by 70 basis points to 3.4%, disappointing analysts who were expecting a guided NIM of 3.7-3.8% for the merged entity. One of the…