77.48
price up icon2.34%   1.77
after-market Dopo l'orario di chiusura: 77.47 -0.01 -0.01%
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Perché le azioni Hdfc Bank Ltd Adr (HDB) sono in ribasso?

2024-01-17:

HDFC Bank Ltd. ADR (HDB) stock dropped by 9.14% due to negative opinions from analysts regarding the private sector lender's weak financial results for the quarter ended December FY24. HDFC Bank's weak performance had a substantial negative impact on the Indian markets, as it is an index heavyweight and played a major role in dragging down both the Indian markets and the Bank Nifty.

  • For the quarter ended December FY24, HDFC Bank reported a 2.5% sequential growth in net profit, reaching Rs 16,372.54 crore. However, this growth was partly affected by higher provisions for bad loans.
  • The bank's net interest income increased by 4% sequentially to Rs 28,471 crore during the quarter, with a core net interest margin of 3.4% on total assets and 3.6% based on interest-earning assets.
  • HDFC Bank's asset quality improved, with gross non-performing assets decreasing by 8 basis points sequentially to 1.26%, and net NPAs declining by 4 basis points QoQ to 0.31% in Q3FY24.
banks_regional IBN
$34.18
price up icon 1.09%
$6.56
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banks_regional MFG
$5.57
price up icon 0.72%
banks_regional PNC
$178.63
price up icon 2.25%
banks_regional USB
$44.77
price up icon 2.50%
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