Indian private lender HDFC Bank says Q3 deposit growth outpaces loan growth

By Yahoo! Finance   |   2 months ago
Indian private lender HDFC Bank says Q3 deposit growth outpaces loan growth

HDFC Bank in India experienced a higher growth in deposits compared to loans in the last quarter. The bank aims to manage its loan-to-deposit ratio by boosting deposits or reducing loan growth. Additionally, the Reserve Bank of India approved HDFC Bank to acquire stakes in three other banks.

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