HDFC Bank Q4 numbers in line with expectations but pressure seen on NIMs
Sat, Apr 20, 2024 6:30 PM

HDFC Bank Q4 numbers in line with expectations but pressure seen on NIMs

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Private sector HDFC Bank’s numbers for the January-March quarter of financial year 2023-24 were broadly in line with the expectations, analysts said, adding the falling net interest margin (NIM) remains a concern. The lender’s NIMs fell from 4.1 percent in June 2023 to 3.4 percent in March 2024. The total deposits of the lender stood at Rs 23.79 lakh crore during the quarter ended March 31, 2024.

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