HDFC Bank Ltd (HDBK.NS)
|Market Cap (Mil.):||Rs1,998,290.00|
|Shares Outstanding (Mil.):||2,408.88|
MUMBAI - HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported its slowest quarterly earnings growth in more than a decade on higher-than-expected provisions.
* Net profit 22.33 bln rupees vs 23.21 bln rupees estimate
MUMBAI, July 21 - HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported on Monday a 21 percent rise in quarterly profit, lagging estimates, although asset quality remained stable.
* Shares in HDFC Bank gain 1.2 percent, while Hindustan Unilever falls 2.2 percent, as changes by MSCI to its global indices became effective after the close of markets on Friday. * HDFC Bank, whose weighting was cut, rose 2.4 percent since the announcement on May 14 as of Friday's close, under-performing a 4.4 percent gain in the NSE bank index. * Hindustan Unilever, whose weighting was increased, rose 4.5 percent since the announcement, as of Friday's close, compared with a fall of 3.2 perce
NEW DELHI - HDFC Bank Ltd, India's third-biggest lender by assets, said its quarterly net profit rose 23 percent, the slowest growth in a more than a decade and slightly lower than estimates, as a weaker economy put the brakes on lending.
* Net profit at 23.27 bln rupees vs 23.91 bln rupees estimate
NEW DELHI, April 22 - HDFC Bank Ltd, India's third-biggest lender by assets, said its quarterly net profit grew at the slowest pace in a more than a decade, slightly lagging estimates, as a weaker economy led to a slowdown in lending.