New Delhi, Oct. 17 -- India's two largest private sector lenders, HDFC Bank and ICICI Bank, are set to announce their September quarter results on Saturday. Brokerages expect both banks to report steady loan growth, though net interest margins (NIMs) are likely to remain under pressure amid faster loan repricing and rising deposit costs.
While deposit growth is expected to remain robust and asset quality stable, analysts anticipate muted profitability due to lower treasury income and margin compression.
HDFC Bank's loan growth is expected to track industry trends, supported by strong deposit accretion. In Q2, advances grew 9.9% year-on-year, while deposits rose more than 12%. Analysts, however, foresee some moderation in profitability t...
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