|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||69.37 - 69.74|
|52-week range||69.37 - 69.74|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||171.65|
|Forward dividend & yield||N/A (N/A)|
|1y target est||92.10|
Shares of India's top private-sector lender HDFC Bank fell on Monday, even as it reported an in-line profit and better asset quality for the third quarter, as analysts flagged its unimproved margins and lower fees from its payments business. HDFC Bank, the first Indian lender to post December-quarter earnings, over the weekend reported a record profit, and clocked record card issuances after the central bank removed curbs on the bank issuing new credit cards last year. Net interest margin, a key measure of profitability for banks, was unchanged at 4.1% from the previous quarter, as growth in its retail loan book — at 13.3% year-on-year — lagged overall loan growth of 16.5%.
MUMBAI (Reuters) -India's largest private sector lender HDFC Bank aims to regain lost market share in credit cards in the next 3-4 quarters after the central bank removed a ban imposed more than eight months ago. The bank plans to issue up to 300,000 credit cards from next month which will be scaled up to half a million in the coming months, Parag Rao, Group Head-Payments at HDFC Bank said in a press briefing on Monday. "We have significant headroom to grow...our conservative approach to credit will continue," Rao added as the bank's predominant focus on offering credit cards to its own bank customers will continue.
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