HDFC Bank is one of India's leading private sector banks, offering a wide range of banking and financial services to individuals and businesses.
HDFC Bank’s business update for Q2FY2025 indicated that deposit mobilization (up 15.1% y-o-y/5.1% q-o-q) has been strong (above estimates), led by term deposits (19.3% y-o-y/6.7% q-o-q).
CASA grew by 8.0% y-o-y/2.3% q-o-q. CASA ratio stood at 35.3% vs. 37.6% y-o-y/36.3% q-o-q. Gross advances grew by 7.0% y-o-y/1.3% q-o-q.
~ 70% "Buy" Rating ~ 13% "Outperform" Rating ~ 18% "Hold" Rating
In a recent research, Sharekhan given HDFC Bank Ltd's target of Rs. 1900 (short-term). Also most of the analyst are "bullish" on HDFC Bank.